On May 19, 2021 Sol Cuisine Ltd (formerly Platform 9 Capital Corp.) (TSXV: PN.P) announced that it completed its previously announced “Qualifying Transaction” in accordance with the policies of the TSX Venture Exchange. The transaction was completed by way of a three-cornered amalgamation and the company completed the conversion and exchange of the subscription receipts issued in connection with Sol Cuisine’s previously announced private placement offering led by Canaccord Genuity Corp., together with CIBC World Markets Inc. and National Bank Financial Inc, together with an investment by certain existing shareholders of Sol Cuisine, that raised gross proceeds of approximately $15 million.
Sol Cuisine has a 20+ year history of producing nutritionally superior, customer-preferred plant-based protein offerings. The Company has a multi-platform product portfolio, focused on value-added centre-of-plate offerings segmented into: burgers, appetizers and entrees. Sol Cuisine’s products are available in over 11,000 stores and more than 41,000 unique points of distribution in Canada and the U.S. The Company also produces for some of the best known natural private label brands in North America.
WeirFoulds is pleased to have assisted Platform 9 in the closing of this transaction.
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