Capha Pharmaceuticals Not Proceeding With Acquisition of AgriForest Bio-Technologies Ltd.
/EINPresswire.com/ -- WEST KELOWNA, BC--(Marketwired - July 05, 2017) - Capha Pharmaceuticals Inc. ("Capha" and/or the "Company") has terminated the Letter of Intent ("LOI") with Patel Holdings Ltd. previously announced on June 7, 2017. The Company has decided not to proceed with the acquisition of AgriForest Bio-Technologies Ltd. from Patel Holdings Ltd. as a result of due diligence carried out by the Company pursuant to the LOI.
ON BEHALF OF THE BOARD OF DIRECTORS
"James R. Brown"
James R. Brown
Chairman & CEO
For further information please contact
James R. Brown
778-754-3000
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
