AgraFlora Organics International Inc. (CNSX:AGRA) made an offer to acquire Eviana Health Corporation (CNSX:EHC) for CAD 12.4 million on August 9, 2019. AgraFlora Organics International Inc. will issue 1.694915 AgraFlora shares for each share of Eviana Health Corporation. After the transaction, AgraFlora Organics International Inc. will continue to be listed on the Canadian Securities Exchange under the symbol AGRA. The transaction is subject to receipt of all governmental, regulatory, stock exchange and third party approvals that AgraFlora considers necessary or desirable in connection with the offer, there being no legal prohibition against AgraFlora making the offer or taking up and paying for the Eviana Shares, Eviana not having adopted or implemented a shareholder rights plan, disposed of any assets, incurred any material debts, implemented any changes in its capital structure or otherwise implemented or attempted to implement a defensive tactic, no material adverse change having occurred in the business, affairs, prospects or assets of Eviana, AgraFlora not becoming aware of Eviana having made any untrue statement of a material fact or omitting to state a material fact that is required to be made to any securities regulatory authority, approval by the shareholders of AgraFlora in accordance with the policies of the Canadian Securities Exchange and the statutory minimum condition that 50% of the Eviana Shares having been tendered to the offer and not withdrawn. AgraFlora expects the offer, when made, will remain open for not more than 105 days and not less than 35 days from the date of mailing its take-over bid circular. Haywood Securities Inc. acted as the financial advisor and Laurel Hill Advisory Group, LLC acted as the information agent to AgraFlora Organics International Inc.

AgraFlora Organics International Inc. (CNSX:AGRA) cancelled the acquisition of Eviana Health Corporation (CNSX:EHC) on October 11, 2019.The deal was cancelled by AgraFlora Organics due to increased regulatory and operational uncertainty and continued divestments of core assets by Eviana.