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.