Lifted Innovations completes RTO

2 minute read
08 September 2020

On September 8, 2020, Lifted Innovations Inc. ("Lifted") completed a going public transaction which resulted in a reverse takeover of Kootenay Zinc Corp. ("Kootenay"). Following the completion of the transaction, which proceeded by a take-over bid of Lifted and a business combination with Canndora Delivery Ltd. and Greeny Collaboration (Canada) Inc., the shares of the resulting issuer, PeakBirch Logic Inc. ("PeakBirch"), began trading on the Canadian Securities Exchange on September 10, 2020.

Pursuant to the transaction, shareholders and optionholders of Lifted received one common share or one option, respectively, of PeakBirch for each share or option of Lifted held prior to the transaction. 

The business of PeakBirch is the businesses of Lifted, Canndora and Greeny prior to the transaction, consisting primarily of operating e-commerce stores, providing services and related products to the cannabis industry.

Gowling WLG advised Lifted in this transaction with a team that included Peter Simeon, Sharagim Habibi and Kathleen Ritchie, assisted by students-at-law Blair Wentworth and Eli Dzik.

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