META GROWTH CORP. ("META") ("META.WT") ("META.DB")
BULLETIN TYPE: Amalgamation, Delist
BULLETIN DATE: November 17, 2020
TSX Venture Tier 2 Company
Effective at the close of business, Wednesday, November 18, 2020, the common shares, warrants and debentures of Meta Growth Corp. ("META" or "the Company") will be delisted from TSX Venture Exchange. The delisting of the Company's shares results from an arrangement agreement (the "Agreement") between the Company and High Tide Inc. ("High Tide") dated August 20, 2020.
Pursuant to the Agreement, High Tide has agreed to acquire all of the issued and outstanding common shares of META by way of a plan of arrangement under the provisions of the Business Corporations Act (Alberta) (the "Transaction"). Under the Agreement, each META shareholder will be entitled to receive 0.824 of a common share of High Tide for each common share of META held. Further, High Tide will assume all of the covenants and obligations of META under the META Warrants and META Debentures in accordance with the terms and conditions of the respective warrant certificate or warrant indenture and the trust indenture.
Prior to the closing of the Transaction, META and High Tide were at arm's length.
The Exchange has been advised that approval of the Transaction by the META shareholders was received at a special meeting of shareholders held on October 27, 2020 and that approval of the Transaction was received from the Queen's Bench of Alberta on October 28, 2020. The Transaction will be completed on November 18, 2020. The full particulars of the Transaction are set forth in the Management Information Circular of META, dated as of September 23, 2020, which is available under the META profile on SEDAR.
For further details, please refer to the Company's Information Circular dated September 23, 2020 and news releases dated August 21, 2020, September 25, 2020, October 21, 2020, and October 28, 2020.
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