CORRECTED: Calyx Bio-Ventures to buy Cannigistics Agri-Solutions
Calyx Bio-Ventures Inc (TSX-V: CYX) has agreed to acquire Cannigistics Agri-Solutions Corp, which is designing an enterprise software platform tailored to the medical marijuana industry. Under the terms of the deal, Calyx will buy all of Cannigistics' shares in exchange for 9 million common shares of Calyx. Cannigistics said it aims to become a dominant supply solutions provider to the medical marijuana industry, which is expected to grow to $1.3 billion per year in Canada. Based in Vancouver, Calyx invests in agricultural ventures. It is a portfolio company of BDC Capital Healthcare Venture Fund, one of three sector-specific funds managed by BDC Capital.
24 July 2014•4 mins read
