FTI Foodtech International Inc. (TSXV:FTI) signed a memorandum of understanding to acquire 20% stake in Stemtech Corporation for $0.30 million on March 21, 2019. Under the agreement, FTI to issue 2,733,773 shares (20% of current outstanding shares of FTI) to Stemtech in exchange for 1,060,000 shares of Stemtech (20% of outstanding). The agreement is subject to approval from the TSX Venture Exchange.
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0.0495 USD | +5.32% | -4.07% | +52.31% |
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- FTI Foodtech International Inc. signed a memorandum of understanding to acquire 20% stake in Stemtech Corporation for $0.30 million.