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Four River Ventures to take over Canabo Medical

Four River Ventures Ltd. entered into an arrangement agreement Oct. 6 to acquire private firm Canabo Medical Corp.

Under the terms, shareholders of Canabo will receive 20,606,700 post-consolidated common shares of Four River.

The issued shares represent about 89% of the company's issued share capital.

Upon completion, Canabo will become a wholly-owned subsidiary of Four River.

Canabo currently operates 10 medical clinics across Canada, according to an Oct. 7 news release.