Nasdaq Extension
LEADING BRANDS (LBIX)
US:NASDAQ Investor Relations:
investors.lb.com
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, April 02, 2018 (GLOBE NEWSWIRE) -- Leading Brands, Inc. (NASDAQ:LBIX) (the “Company” or "LBIX") is pleased to announce that on March 23, 2018, the Nasdaq Listing Qualifications Staff ("Nasdaq Staff") granted the Company an extension of time until July 23, 2018 to regain compliance with Listing Rule 5550(b) (the "Listing Rule"). As previously announced on September 18, 2017, the Company has entered into a definitive agreement to acquire Liquid Media Group Ltd. ("Liquid") by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Transaction") and will seek to list the post-acquisition entity on The Nasdaq Capital Market. In accordance with the applicable Canadian securities laws, the Company will be holding a special meeting of shareholders to consider resolutions to approve the issuance of the shares forming the consideration to be paid to Liquid shareholders pursuant to the Transaction, among other things. The
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