Bevo Agro has sign an Arrangement Agreement dated October 4 , 2018 with Sun Pharm for a reverse take - over of Bevo .

The Transaction involves three main elements :

The transaction was nem con approved by the control panel of directors of Bevo . Shareholders agree approximately 58 % of Bevo ’s common shares have entered into voting agreement committing to vote their Bevo common shares in favor of the dealings .

ZenabisSun Pharm is presently a in camera - held cannabis company which has one of the largest , federally licensed indoor medical cultivation footprints in Canada , operating two accredited product adeptness in British Columbia and New Brunswick , with a third bear to be coming online soon in Nova Scotia . These facilities embrace 660,000 square feet of indoor pharmaceutic grade marihuana production space , strategically positioned on Canada ’s coasts , facilitating national distribution and accession to international marketplace . Sun Pharm has received leverage agreement for unpaid cannabis from each of the British Columbia Liquor Distribution Branch , New Brunswick Liquor Corporation , Nova Scotia Liquor Corporation , and Yukon Liquor Corporation .

Proposed management teamIt is currently anticipate that the management of the resulting issuer will include each of Rick Brar ( Chief Executive Officer ) , Leo Benne ( Chief Growing Officer ) , John Hoekstra ( Chief Financial Officer ) , Mike McGinty ( Chief Administrative Officer ) and Kevin Coft ( Chief Facilities Officer ) .

Rick Brar – Chief Executive OfficerMr . Rick Brar is an experient business leader in the cannabis , nutraceutical , beverage , consumer packaged good , agribusiness , soil development and twist sectors . Mr. Brar has outside expertness in emerging marketplace sector , having incubate and grown several company over his career . He is experienced in gross revenue and marketing , with demonstrated success in corporal sales growth , new market penetration , novel intersection growing , and foresighted reach preparation . Mr. Brar was antecedently the Chief Executive Officer of International Herbs Limited , where he go one of the great herbaceous plant companies in North America for nine class .

Leo Benne – Chief Growing OfficerMr . Leo Benne is currently Vice President and a Director of Bevo , and the General Manager of Bevo Farms Ltd. , the company ’s altogether owned subsidiary . Mr. Benne put on advanced cognition of modernistic horticultural methods at Rijks Middelbare Tuinbouwschool in Holland . Mr. Benne has overseen every stage of the party ’s operations , from planting to shipping . He has been with Bevo for over 25 years .

John Hoekstra – Chief Financial OfficerMr . John Hoekstra is the Executive Vice President and Chief Financial Officer of Bevo Agro , where he manage all finance , administration and method of accounting activity . He fall in Bevo in 2004 , presently after the company go public . Prior to unite Bevo , Mr. Hoekstra worked as Supply Chain Manager at Air Liquide Canada , and at Unitor Ships Service as Branch Manager . He is a Chartered Professional Accountant ( CPA , CGA ) and holds a Business Administration degree from Redeemer University .

Mike McGinty – Chief Administrative OfficerMr . Mike McGinty has broad experience in with child - scale coordination and planning . Previously , he was a post - postgraduate tutor in leadership and planning for senior governing and military staff from Canada and over 25 allied Carry Nation worldwide . Mr. McGinty was a senior officer in the British Army and served widely overseas , including in Iraq and Afghanistan , where he was creditworthy for more than 1,000 people with $ 2 billion in capital assets . Mike remain an combat-ready member of the Canadian Armed Forces . He also served as the Head of Risk and Security for UBC Okanagan .

Kevin Coft – Chief Facilities OfficerMr . Kevin Coft is an usable and provision chain professional with over 30 years of Canadian and external procurement , facility operations , and managerial experience . His industrial expertise covers a panoptic range of functions including navigating Health Canada ’s regulatory licensing , team development , facility twist , strategical analytic thinking , import / exportation operations , logistics , repositing , customer human relationship management , benchmarking , and business systems analysis .

“ Our basal finish with this uniting is to expound Zenabis ’ content to add gamey - caliber marihuana for worldwide distribution . We will attain this by taking advantage of Bevo ’s greenhouse raise expertise to cultivate high - quality marijuana , ” said Mr. Brar . “ This is a unique partnership that chip in Zenabis a significant advantage among Canadian producers as we continue to grow our business to meet Canadian and international demand . ”

“ This dealings represents a irrefutable growth opportunity for Bevo Agro , as Zenabis intends to clothe up to $ 100 million to expand our greenhouse adeptness to provide state of matter - of - the - art marihuana production content , while maintain our exist generation and floral concern , ” said Mr. Benne . “ This partnership will bring young caper and economic chance to the communities in which we go , while we continue to support the local and international food for thought and floral markets . ”

windup of the dealings is subject to a number of condition , including but not limited to , TSXV acceptance and if applicable , disinterested shareholder favorable reception . Where applicable , the transaction can not close up until the take shareholder approval is obtained . There can be no assurance that the dealing will be completed as advise or at all .

Acquisition of additional nursery operations and landBevo has also enter into a purchase agreement with an weapon ’s duration third party to acquire 10.4 acres of nursery operations on 50 acres of land in Aldergrove , British Columbia . Post - uniting , Zenabis intends to use this glasshouse acreage to guarantee continuity for existing Bevo propagation customers . The greenhouse acquisition is subject to customary end conditions and is expected to close prior to December 31 , 2018 .

For more selective information : Zenabis[email   protected]www.zenabis.com

Bevo Agrowww.bevofarms.com