Article 8.01 Other events.
During the previous thirty days,
under exchange agreements with the holders of these warrants. The Company believes that these exchanges are beneficial to the Company because the reacquired warrants contained provisions requiring the Company to redeem the warrants for cash at the option of the holder and / or “full ratchet” anti-dilution adjustments. which may result in a reduction in the exercise price of these warrants and an increase in the number of shares that may be issued during their exercise in certain circumstances. The Company has canceled all warrants reacquired during these exchanges and they will not be reissued.
The issuance of common shares of the Company in each exchange agreement was effected on the basis of an exemption from registration under section 3 (a) (9) of the Securities Act of 1933, as amended, and constitutes in total less than 5% of the number of ordinary shares of the Company issued and outstanding at
In addition, as indicated above, on
(“Buyer”), and MagicMed. Pursuant to the Amalgamation Agreement, the Purchaser and MagicMed amalgamated in accordance with Section 269 of the Business Corporations Act of British Columbia, with the Amalgamated Company,
This current report on Form 8-K is filed to provide as Attachment 99.1 the audited consolidated financial statements of MagicMed for the year ended.
The purpose of this current report on Form 8-K is, among other things, to file the pro forma condensed consolidated financial information and financial statements of MagicMed discussed above, and to allow such financial information to be incorporated by reference. in ENVB registration statements. deposited with the
Item 9.01 Financial statements and supporting documents.
(a) Financial statements of the acquired business.
MagicMed’s audited consolidated financial statements as of
and for the period from the constitution
(b) Pro Forma Financial Information.
The unaudited pro forma condensed consolidated financial information of the ENVB for the six months ended
(d) Exhibits. Exhibit No. Description 23.1 Consent of
Zeifmans LLP99.1 Audited consolidated financial statements of MagicMed for the year ended June 30, 2021and for the period from incorporation May 26, 2020to June 30, 202099.2 Unaudited pro forma condensed consolidated financial information of ENVB for the six months ended June 30, 2021and the year ended December 31, 2020104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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