Sopica Special Opportunities Fund Limited, managed by LLF Financial S.A. acquired a 13.65% stake in Vext Science, Inc. from Jason T. Nguyen for $3 million.
September 13, 2022
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Sopica Special Opportunities Fund Limited, managed by LLF Financial S.A. entered into a share purchase agreement to acquire a 13.65% stake in Vext Science, Inc. (CNSX:VEXT) from Jason T. Nguyen for $3 million on September 3, 2022. Sopica purchased 112,486 Class A Multiple Voting Shares at a price of $26.67 per share, representing 16.72% of the issued and outstanding Multiple Voting Shares and 13.65% of the issued and outstanding common shares of VEXT (assuming conversion of the acquired Multiple Voting Shares). Immediately prior to the Transaction, Nguyen beneficially owned or otherwise exercised control or direction over 605,747 Multiple Voting Shares, 1,425,300 Subordinate Voting Shares and 100,000 options to purchase Subordinate Voting Shares (Options), representing approximately 90.04% of the issued and outstanding Multiple Voting Shares and approximately 47.07% of the issued and outstanding Subordinate Voting Shares (on an a partially diluted basis). As a result of the Transaction, Nguyen beneficially owns or otherwise exercises control or direction over 493,261 Multiple Voting Shares, 1,425,300 Subordinate Voting Shares and 100,000 Options, representing approximately 73.32% of the issued and outstanding Multiple Voting Shares and approximately 42.12% of the issued and outstanding Subordinate Voting Shares (on a partially diluted basis).
Sopica Special Opportunities Fund Limited, managed by LLF Financial S.A. completed the acquisition of a 13.65% stake in Vext Science, Inc. (CNSX:VEXT) from Jason T. Nguyen on September 14, 2022.
Vext Science, Inc. is a cannabis operator. The Companyâs expertise spans from cultivation through to retail operations in markets of Arizona and Ohio. It manufactures THC cartridges, concentrates, edibles and accessories under the Vapen brand, and hemp-based products under the Pure Touch Botanicals brand as well as the Vapen CBD and Herbal Wellness brands. It has THC concentrates, edibles, and distillate cartridge brands sold in various states dispensaries. It owns and operates cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. Additionally, it provides management, advisory, cultivation, and dispensary services to entities in the cannabis field through joint operations agreements. It also sells CBD products and branded merchandise. Vapen Brands product is the wholesale product and sold in its dispensaries. Vapen Brand is an edible and concentrate brand. The Company also owns cannabis dispensary in Columbus, Ohio.
Sopica Special Opportunities Fund Limited, managed by LLF Financial S.A. acquired a 13.65% stake in Vext Science, Inc. from Jason T. Nguyen for $3 million.