Ikänik Farms announced that the Company has received conditional approval from the Canadian Securities Exchange (the “CSE”) to list the shares of the Company for trading on the CSE, under the ticker symbol “IKNK”, following the completion of its previously announced transaction with Canadian Imperial Venture Corp.
“We are very excited for the future of Ikänik, as we transition to a public company and continue executing on our multi-national objectives,” said Brian Baca, CEO of Ikänik Farms, Inc.
The Company previously announced that it had entered into a business combination agreement with CIVC whereby the Company has agreed to sell all of the issued and outstanding securities of Ikänik Farms and the business of Ikänik Farms by way of a three-cornered amalgamation (the “Transaction”). The Transaction will result in a reverse takeover of the CIVC by the security holders of Ikänik Farms.
“We are proud to open our company to the world,” said Borja Sanz de Madrid, President of Ikänik Farms International, Inc.