Olive Resource Capital acquires portfolio of assets from CannaIncome Fund

1 minute read
02 August 2022

On August 2, 2022, Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") announced that it had closed the previously announced asset purchase agreement to acquire a portfolio of assets from CannaIncome Fund Corporation ("CiF").

The portfolio consists of public equities, private equities, debt, convertible debt and warrants, having a deemed value of approximately $2.5 million. Olive issued 30,254,247 common shares in consideration for the assets.

Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. 

Gowling WLG advised Olive with respect to this acquisition with a team that included Ian Mitchell, Lorraine Mastersmith and Brendan Goodman.

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