{"id":472078,"date":"2021-04-06T14:39:28","date_gmt":"2021-04-06T18:39:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472078"},"modified":"2021-04-06T14:39:28","modified_gmt":"2021-04-06T18:39:28","slug":"subversive-acquisition-lp-announces-unitholder-approval-of-qualifying-transaction-with-intercure-israels-leading-and-fastest-growing-cannabis-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/subversive-acquisition-lp-announces-unitholder-approval-of-qualifying-transaction-with-intercure-israels-leading-and-fastest-growing-cannabis-company\/","title":{"rendered":"Subversive Acquisition LP Announces Unitholder Approval of Qualifying Transaction With InterCure, Israel\u2019s Leading and Fastest-Growing Cannabis Company"},"content":{"rendered":"
\n

TORONTO, April 06, 2021 (GLOBE NEWSWIRE) — SUBVERSIVE ACQUISITION LP<\/strong> (TSX: SVX.U NEO: SVX.U OTCQX: SBVRF) (\u201cSVX<\/strong>\u201d) announced today that that its unitholders have overwhelmingly approved its qualifying transaction to combine with InterCure Ltd. (dba Canndoc) (TASE: INCR) (\u201cInterCure<\/strong>\u201d), Israel\u2019s leading cannabis company (the \u201cQualifying Transaction<\/strong>\u201d), with over 89.36% of the votes cast in favour of the plan of arrangement pursuant to which the Qualifying Transaction will be completed.<\/p>\n

Holders of Restricted Voting Units also voted in favour of a resolution extending the date by which SVX has to consummate a qualifying transaction from April 8, 2021 to up to August 31, 2021 (the \u201cExtension Resolution<\/strong>\u201d). Over 96.33% of the votes cast were in favour of the extension. A copy of the complete report on voting at the unitholder meeting will be made available under SVX\u2019s profile on SEDAR at www.sedar.com.<\/p>\n

The Qualifying Transaction is scheduled to close on April 8, 2021, subject to the satisfaction or waiver of certain conditions to closing.<\/p>\n

\n For Further Information <\/strong>\n <\/p>\n

SVX\u2019s non-offering prospectus dated March 12, 2021 and management information circular dated March 9, 2021, both of which contain details on the Qualifying Transaction and Meeting, are available on SEDAR at www.sedar.com and at subversivecapital.com\/svx<\/p>\n

\n About SVX<\/strong>\n <\/p>\n

Subversive Acquisition LP is a limited partnership established under the Limited Partnerships Act (Ontario)<\/em> formed for the purpose of effecting, directly or indirectly, an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, equity exchange, asset acquisition, equity purchase, reorganization, or any other similar business combination involving SVX that will qualify as its qualifying transaction for the purposes of the rules of the TSX and Neo Exchange Inc. SVX is a special purpose acquisition corporation for the purposes of the rules of the TSX and Neo Exchange Inc.<\/p>\n

For more information, visit https:\/\/www.subversivecapital.com\/svx<\/a>.<\/p>\n

\n About Subversive Capital<\/strong>\n <\/p>\n

Subversive Capital is a leading investment firm dedicated to investing in radical companies whose core missions subvert the status quo. With almost a decade of experience in the global cannabis industry, Subversive Capital has lead investments in some of the most successful transactions in the industry including the recent launch and closing transaction of Subversive Capital Acquisition Corp. to form The Parent Company (TPCO Holding Corp.) currently traded on the Neo Exchange and OTCQX.<\/p>\n

For more information, visit www.subversivecapital.com<\/a>.<\/p>\n

\n About InterCure (dba Canndoc)<\/strong>\n <\/p>\n

InterCure (TASE: INCR) is the first public company on the Tel Aviv Stock Exchange to hold a valid and permanent license for the medical cannabis value chain through its 100% ownership in Canndoc. Canndoc is a GMP medical cannabis producer. Licensed by the Israeli Ministry of Health since 2008, Canndoc is a leading pioneer in the research, cultivation, production, and distribution of pharma-grade cannabis-based products to patients, hospitals, pharmacies, research and governmental organizations. Through its strategic exclusive collaboration with world leaders, distribution agreement with SLE (100% owned by Teva Pharmaceutical Industry) and long-term sales agreements, Canndoc is well-positioned as a leading and significant player in pharma-grade medical cannabis in Israel, Europe and the United Kingdom.<\/p>\n

For more information, visit: http:\/\/www.canndoc.com<\/a>.<\/p>\n

\n Forward\u2010Looking Statements <\/strong>\n <\/p>\n

\n This press release may contain forward-looking information within the meaning of applicable securities legislation which reflects SVX\u2019s current expectations regarding future events. The words \u201cwill\u201d, \u201cexpects\u201d, \u201cintends\u201d and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specific forward-looking information contained in this press release includes, but is not limited to: statements concerning the completion and proposed terms of, and matters relating to, the <\/em>
\n Qualifying<\/em>
\n Transaction. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond SVX\u2019s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: failure to complete the <\/em>
\n Qualifying<\/em>
\n Transaction, inability to obtain requisite regulatory approvals, changes in general economic, business and political conditions, changes in applicable laws, the U.S. and Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading \u201cRisk Factors\u201d in the Prospectus, which is available on SEDAR at www.sedar.com. SVX undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.<\/em>\n <\/p>\n

\n FOR FURTHER INFORMATION PLEASE CONTACT:<\/strong>\n <\/p>\n

\n INVESTORS:<\/strong>\n <\/p>\n

SVX
investor@subversivecapital.com<\/a>\u00a0<\/p>\n

MEDIA:<\/p>\n

\n Subversive Acquisition LP
<\/strong>Berrin Noorata
Berrin@subversivecapital.com<\/a>\u00a0<\/p>\n

\n InterCure Ltd.
<\/strong>Adam Haliva, Global Investor Relations
adam@canndoc-pharma.com<\/a>, (972) 54-646-8778\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, April 06, 2021 (GLOBE NEWSWIRE) — SUBVERSIVE ACQUISITION LP (TSX: SVX.U NEO: SVX.U OTCQX: SBVRF) (\u201cSVX\u201d) announced today that that its unitholders have overwhelmingly approved its qualifying transaction to combine with InterCure Ltd. (dba Canndoc) (TASE: INCR) (\u201cInterCure\u201d), Israel\u2019s leading cannabis company (the \u201cQualifying Transaction\u201d), with over 89.36% of the votes cast in favour of the plan of arrangement pursuant to which the Qualifying Transaction will be completed. Holders of Restricted Voting Units also voted in favour of a resolution extending the date by which SVX has to consummate a qualifying transaction from April 8, 2021 to up to August 31, 2021 (the \u201cExtension Resolution\u201d). Over 96.33% of the votes cast were in favour of the extension. A copy … <\/p>\n

Continue reading “Subversive Acquisition LP Announces Unitholder Approval of Qualifying Transaction With InterCure, Israel\u2019s Leading and Fastest-Growing Cannabis Company”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472078","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSubversive Acquisition LP Announces Unitholder Approval of Qualifying Transaction With InterCure, Israel\u2019s Leading and Fastest-Growing Cannabis Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/subversive-acquisition-lp-announces-unitholder-approval-of-qualifying-transaction-with-intercure-israels-leading-and-fastest-growing-cannabis-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subversive Acquisition LP Announces Unitholder Approval of Qualifying Transaction With InterCure, Israel\u2019s Leading and Fastest-Growing Cannabis Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, April 06, 2021 (GLOBE NEWSWIRE) — SUBVERSIVE ACQUISITION LP (TSX: SVX.U NEO: SVX.U OTCQX: SBVRF) (\u201cSVX\u201d) announced today that that its unitholders have overwhelmingly approved its qualifying transaction to combine with InterCure Ltd. (dba Canndoc) (TASE: INCR) (\u201cInterCure\u201d), Israel\u2019s leading cannabis company (the \u201cQualifying Transaction\u201d), with over 89.36% of the votes cast in favour of the plan of arrangement pursuant to which the Qualifying Transaction will be completed. Holders of Restricted Voting Units also voted in favour of a resolution extending the date by which SVX has to consummate a qualifying transaction from April 8, 2021 to up to August 31, 2021 (the \u201cExtension Resolution\u201d). Over 96.33% of the votes cast were in favour of the extension. 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(dba Canndoc) (TASE: INCR) (\u201cInterCure\u201d), Israel\u2019s leading cannabis company (the \u201cQualifying Transaction\u201d), with over 89.36% of the votes cast in favour of the plan of arrangement pursuant to which the Qualifying Transaction will be completed. Holders of Restricted Voting Units also voted in favour of a resolution extending the date by which SVX has to consummate a qualifying transaction from April 8, 2021 to up to August 31, 2021 (the \u201cExtension Resolution\u201d). Over 96.33% of the votes cast were in favour of the extension. 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