- Cherry Street (CHSC.P) enters into an amalgamation agreement with Tribe Property Technologies
- Cherry Street’s wholly-owned subsidiary, 1283534 B.C. Ltd. (Subco), will amalgamate with Tribe to complete Cherry Street’s qualifying transaction by the policies of the TSX Venture Exchange Inc
- Tribe will become a wholly-owned subsidiary of the company, to be renamed “Tribe Property Holdings Inc.”
- Tribe offers tech-enabled Community Management that is disrupting the traditional market
- Cherry Street (CHSC.P) is in the grey and was being traded at C$0.40 on June 17, 2020
Cherry Street (CHSC.P) enters into an amalgamation agreement with Tribe Property Technologies.
Under the terms of the amalgamation agreement, Cherry Street has agreed to acquire all of the securities of Tribe by way of a three-cornered amalgamation, subject to the terms and conditions of the amalgamation agreement.
Under the business combination, Cherry Street’s wholly-owned subsidiary, 1283534 B.C. Ltd. (Subco), will amalgamate with Tribe to complete Cherry Street’s qualifying transaction by the policies of the TSX Venture Exchange Inc.
As a result of the amalgamation, Tribe will become a wholly-owned subsidiary of the company, to be renamed “Tribe Property Holdings Inc.”
It held a meeting of its shareholders on January 28, 2021, to approve the name change, share consolidation and a contingent board pending the completion of the Business Combination, all of which was approved by Cherry Street’s shareholders.
A one-stop-shop for residential community living, Tribe offers tech-enabled Community Management that is disrupting the traditional market.
With the fastest growing tech-forward property management company in Canada, Tribe’s integrated service-technology delivery model serves the needs of developers, condo/residential communities and owners/residents versus traditional property management.
Cherry Street (CHSC.P) is in the grey and was being traded at C$0.40 on June 17, 2020.
