Arrowstar Resources acquired by Adastra Labs Holdings in reverse takeover

1 minute read
19 December 2019

Effective December 19, 2019, Arrowstar Resources Ltd. completed a business combination by way of a reverse takeover transaction with Adastra Labs Holdings Ltd. ("Adastra").

The resulting issuer changed its business from mining to cannabis standard processor and analytical testing laboratory and the common shares of Adastra began trading on the Canadian Securities Exchange under the ticker symbol "XTRX" on January 6, 2020.

Gowling WLG advised Arrowstar with respect to this transaction with a team that included Linda Hogg and Raymond Ong (corporate/M&A), assisted by paralegal Toni Vodola.

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