Leading Brands, Inc. (“LBIX”) Enters into a Definitive Arrangement Agreement with Liquid Media Group, Inc. (“Liquid”) www.LiquidMediaGroup.co Whereby LBIX Will Acquire 100% of Liquid
LEADING BRANDS (LBIX)
US:NASDAQ Investor Relations:
investors.lb.com
Company Research
Source: GlobeNewswire
LIQUID AGGREGATES PRODUCTION SERVICE STUDIOS TO CREATE A VERTICALLY INTEGRATED STUDIO SYSTEM FOR PRODUCING FILM, TV AND GAMING CONTENT FROM INSPIRATION TO DISTRIBUTION EXISTING LBIX SHAREHOLDERS ANTICIPATED TO HOLD 22.637% AND LIQUID SHAREHOLDERS ANTICIPATED TO HOLD 77.363% OF THE POST-TRANSACTION ENTITY TO CLEAR THE WAY FOR THIS TRANSACTION, LBIX HAS CONCURRENTLY DISPOSED OF ITS LEGACY BEVERAGE ASSETS VANCOUVER, Canada, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (NASDAQ:LBIX) (the “Company”) announces that it has entered into a Definitive Arrangement Agreement with Liquid Media Group, Inc. (“Liquid”) of Vancouver, Canada whereby LBIX will acquire 100% of Liquid pursuant to a plan of arrangement. Existing LBIX shareholders are anticipated to hold 22.637% and Liquid Shareholders are anticipated to hold 77.363% of the post-transaction entity. For these purposes, existing LBIX shares were valued at $1.50 US. Liquid is aggregating mature production service studios and
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