viewEmerald Health Therapeutics Inc

Emerald Health's subsidiary Verdélite Sciences settles sale litigation

The legal claims brought by Pivot Pharmaceuticals over Verdélite's potential sale have been discharged

gavel and balance
Verdélite runs a 75,000 square feet indoor cannabis cultivation facility in St.Eustache, Quebec

Cannabis company Emerald Health Therapeutics Inc (CVE:EMH) (OTCQX:EMHTF) announced Wednesday that its subsidiary Verdélite Sciences Inc has settled all legal claims made against it by Pivot Pharmaceuticals Inc.

The claims related to a non-binding letter of intent which Verdélite and its former shareholders had previously entered into with Pivot with respect to a potential sale of Verdélite.

READ: Emerald Health Therapeutics completes setting up of Emerald Health Naturals joint venture

Thanks to the settlement, all claims against Verdélite have been discharged without Verdélite making any payment or providing compensation to Pivot.

Vancouver-based Emerald Health is a licensed producer of cannabis. Its Verdélite operation in Quebec runs a 75,000 square feet indoor cannabis cultivation facility in St. Eustache, Quebec.

Emerald Health shares closed up 3.3% to hit C$3.45 on Tuesday.

Contact Ellen Kelleher at [email protected]

Quick facts: Emerald Health Therapeutics Inc

Price: 0.58 CAD

Market: TSX-V
Market Cap: $86.68 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Animoca Brands launches Addams Family mobile game and leads investment round...

Animoca Brands Corporation Limited (ASX:AB1) chairman and co-founder Yat Siu updates Proactive on the launch of the official mobile game for Metro Goldwyn Mayer Studios (MGM) film of “The Addams Family”. The chairman also updates the market on entering into a subscription agreement with Sky...

7 hours, 2 minutes ago

2 min read