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Indiva Limited closes $32 million financing and lists on the TSX Venture Exchange

Dec 20, 2017

Indiva Limited (TSXV: NDVA) (formerly, Rainmaker Resources Ltd.) (“Indiva”) closed its acquisition of 100% of the issued and outstanding shares of Indiva Corporation by way of a “three-cornered” statutory amalgamation. As part of the amalgamation, Indiva issued 43,540,000 common shares at a price of $0.75 per common share, for aggregate consideration of $32,655,000.

Indiva is a Canadian supplier of high quality, medical grade cannabis. Indiva’s strain selection, cultivation and client care processes combine the know-how and experience of an internationally-recognized and award-winning grow team with GMP-compliant quality assurance standard operating procedures. Minden Gross LLP acted for Sunel Securities Inc., with a team comprised of Andrew Elbaz (Partner), Securities and Capital Markets; Matt Maurer (Associate and Cannabis Group Chair); and Sasha Toten (Associate), Securities and Capital Markets.

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