BeeImmune and PlantFuel complete business combination

1 minute read
11 April 2023

On April 11, 2023, PlantFuel Life Inc. ("PlantFuel") (CSE: FUEL) (OTC: PLFLF) (FSE: BR1B) announced the closing of its previously announced business combination with 1402105 B.C. Ltd. dba BeeImmune ("BeeImmune"), a company in the business of producing and selling branded bee pollen, pursuant to which PlantFuel acquired all of the issued and outstanding shares of BeeImmune.

The transaction was completed by way of a three-cornered amalgamation, whereby, among other things: (a) a wholly-owned subsidiary of PlantFuel amalgamated with BeeImmune to form an amalgamated company named "BeeImmune Distribution Inc."; (b) all of the issued and outstanding common shares of BeeImmune were exchanged for common shares of PlantFuel on a 1:1.045 basis; and (c) BeeImmune Distribution Inc. became a wholly-owned subsidiary of PlantFuel. 
Gowling WLG advised BeeImmune with respect to this business combination with a team that included Peter Simeon, Sharagim Habibi, Ashley Andaya and James Stewart.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.