10:30 AM EST - Hiku Brands Company Ltd. : Canada's first vertically-integrated cannabis brand house, announced it has entered into a binding letter of intent to acquire 100% of the issued and outstanding shares of Maïtri Group Inc., a Quebec-based cannabis accessory and design brand. The proposed acquisition represents the first brand acquisition by Hiku. Pursuant to the LOI, shareholders of Maïtri will receive upfront consideration of $550,000 in a combination of cash and Hiku shares and up to an additional $1.2 million in Hiku shares in earn out payments, based on certain performance milestones being met. Hiku Brands Company Ltd.
shares HIKU:CNX are trading up 7 cents at $3.07.
