trending Market Intelligence /marketintelligence/en/news-insights/trending/O4jIYH44FPfYAgkiQr6bNA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

AgraFlora Organics plans takeover bid for cannabis company Eviana Health

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

AgraFlora Organics plans takeover bid for cannabis company Eviana Health

AgraFlora Organics International Inc. is planning to launch a takeover bid directly to the shareholders of cannabis company Eviana Health Corp.

The company will offer 1.694915 AgraFlora shares for every Eviana share held, valuing Eviana shares at an offer price of 50 Canadian cents apiece. AgraFlora said its offer price represents a 49.25% premium to the market price of Eviana at the close of Aug. 9.

Vancouver, British Columbia-based Eviana Health produces and sells cannabinoid products for use in consumer healthcare, pharmaceuticals, nutraceuticals, cosmeceuticals and other health and wellness sectors.

On July 26, AgraFlora presented the proposed business combination to Eviana's board but failed to receive a response. AgraFlora said it still intends to hold discussions with Eviana's board.

The takeover offer is expected to commence over the coming weeks.

Haywood Securities Inc. is acting as AgraFlora's financial adviser, with Laurel Hill Advisory Group as the company's communications specialist and information agent.