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Micron Waste completes acquisition of personal protective equipment manufacturer Covid Technologies

Covid Technologies is preparing to deliver high quality, vapour barrier technology (masks and garments) that protect against biological hazards, pathogens, and suberbugs

mask
The much-needed equipment is being manufactured at Micron Waste’s facility in Delta, British Columbia

Micron Waste Technologies Inc (CSE:MWM) (OTCMKTS:MICWF) announced Friday it has completed its acquisition of personal protective equipment (PPE) manufacturer Covid Technologies Inc. 

Micron Waste said Covid Technologies is preparing to deliver Canadian-made, high quality, vapour barrier technology (masks and garments) that protect against biological hazards, pathogens and suberbugs.

The much-needed equipment is being manufactured at Micron Waste’s facility in Delta, British Columbia. Covid Technologies also plans to manufacture N95 Respirators and is awaiting a licence from the National Institute for Occupational Safety and Health to be able to begin production.

READ: Micron Waste says Covid Technologies to start making face masks in fight against coronavirus

To complete the acquisition, the company issued to former Covid Technologies securityholders some 16.5 million common shares at $0.08 per consideration share as well as 16.5 million replacement warrants exercisable into common shares at $0.10 each for a period up to and including April 28, 2025.

Micron Waste has said it will continue the research and development of its waste digester business - which is focused on the cannabis and food industries - alongside its PPE manufacturing business 

In other related news, Vancouver-based Micron Waste said Harveer Singh Sidhu has been appointed to its board of directors.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

 

 

Quick facts: Micron Waste Technologies Inc.

Price: 0.07897 USD

OTCQB:MICWF
Market: OTCQB
Market Cap: $3.12 m
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Full interview: Covid Technologies looking for large growth after being...

Micron Waste Technologies (CSE: MWM- OTC: MICWF) soon to be subsidiary COVID Technologies President Harvey Sidhu joined Steve Darling from Proactive Vancouver to discuss his company being acquired by Micron. Sidhu discusses his company which makes PPE or personal protective equipment....

on 25/5/20

2 min read