Vancouver, British Columbia / TheNewswire / April 16, 2018: Radiant Health Care Inc. (the "Company" or "Radiant") is pleased to announce that it has reached a settlement with HydRx Farms Ltd. ("HydRx") in connection with the termination of an amalgamation agreement between the parties, whereby Radiant was to acquire HydRx resulting in the reverse takeover of Radiant by HydRx (see news release dated July 18, 2017).
Pursuant to the terms of a termination and release dated as of February 7, 2018, HydRx has paid a $500,000 break fee to the Company.
Radiant is a British Columbia based company focused on the healthcare sector. Currently, the principal business of the Company is the identification, evaluation, and acquisition of interests in healthcare assets and businesses, with a focus on the Canadian medical cannabis sector.
On Behalf of the Board of Directors
For further information, please contact:
President & Chief Executive Officer