Latest News from Ayurcann Holdings Corp.
Termination of Business Combination with Arogo Capital Acquisition Corporation
Toronto, Ontario, Nov. 21, 2024 (GLOBE NEWSWIRE) —
Ayurcann Holdings Corp. (CSE: AYUR, OTCQB: AYURF), a leading Canadian processing and manufacturing company specializing in cannabis 2.0 and 3.0 products, has announced the termination of its Business Combination with Arogo Capital Acquisition Corporation. This decision was made as a result of Arogo’s failure to perform the covenants set forth in the Business Combination Agreement, specifically in regards to Stock Exchange Listing and Public Filings.
As per the terms of the agreement, Arogo is required to pay Ayurcann a fee of $250,000, however, Ayurcann disputes this demand and has taken necessary steps to terminate the agreement.
With this development, Ayurcann is looking forward to exploring other opportunities and partnerships in the cannabis industry to continue growing and expanding its offerings.
Stay tuned for more updates from Ayurcann Holdings Corp. as they navigate through this transition period.
How will this affect me?
As a consumer of cannabis products, this termination may potentially impact the availability of certain products in the market. It is important to stay informed about Ayurcann’s new partnerships and developments to ensure you have access to a variety of high-quality cannabis products.
How will this affect the world?
On a larger scale, this termination could have ripple effects in the cannabis industry as well as on the stock market. Investors and other companies in the cannabis sector may be watching closely to see how Ayurcann’s next steps will shape the industry landscape.
Conclusion
In conclusion, the termination of the Business Combination between Ayurcann Holdings Corp. and Arogo Capital Acquisition Corporation marks a new chapter for Ayurcann as they seek out new opportunities for growth and expansion in the cannabis market. Keep an eye on Ayurcann for more updates and developments in the near future.
