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BRIEF-Leading Brands to acquire Liquid Media Group
September 18, 2017 / 4:25 PM / 3 months ago

BRIEF-Leading Brands to acquire Liquid Media Group

Sept 18 (Reuters) - Leading Brands Inc:

* Leading Brands, Inc. (“LBIX”) enters into a definitive arrangement agreement with Liquid Media Group, Inc. (“Liquid”) www.liquidmediagroup.co whereby LBIX will acquire 100% of Liquid

* ‍Financial terms were not disclosed.​

* Existing LBIX shareholders anticipated to hold 22.637% and Liquid shareholders anticipated to hold 77.363% of post-transaction entity

* At deal close, existing LBIX board, with exception of Tom Gaglardi, will resign ​

* LBIX has concurrently disposed of its Legacy Beverage assets​

* For deal purposes, existing LBIX shares were valued at $1.50​ Source text for Eikon: Further company coverage:

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