- Lords & Company Worldwide Holdings Inc. (LRDS) has signed of a letter of intent to acquire all issued and outstanding shares of Lords of Gastown Motorcycle Company Inc.
- Lords of Gastown is a well-established Cannabis Motorcycle lifestyle cannabis and apparel brand with expertise that Tyler Hazelwood, founder and director of Lords of Gastown, created
- Lords & Company also announces that to better finance the company the board of directors have approved and authorized a consolidation of its issued and outstanding common shares
- Lords & Company previously announced private placement of units will proceed on a pre-consolidation basis
- Lords & Company Worldwide Holdings Inc. (LRDS) is unchanged trading at $0.085 per share as of 12:56 p.m. EST
Lords & Company Worldwide Holdings Inc. (LRDS) has signed a letter of intent with Lords of Gastown Motorcycle Company to acquire all the issued and outstanding shares of Lords of Gastown.
Lords of Gastown is a well-established Cannabis Motorcycle lifestyle cannabis and apparel brand with expertise that Tyler Hazelwood, founder and director of Lords of Gastown, created.
Lord & Company will provide further updates regarding the transaction and its terms upon the execution of a definitive agreement.
Lords & Company also announces that to better finance the company the board of directors has approved the consolidation of its issued and outstanding common shares.
It is based on a two pre-consolidation to one post-consolidation basis, resulting in the reduction of its 87,027,899 pre-consolidation shares to 45,513,950 post-consolidation shares.
The post-consolidation shares of Lords & Company will have a new CUSIP and ISIN number.
All fractional shares equal or greater to one‐half will be rounded to the next whole share.
A letter of transmittal will be sent to the registered shareholders providing instructions to surrender their existing share certificates for replacement certificates representing the number of post‐consolidated common shares they are entitled to.
Until surrendered, each certificate representing the pre‐consolidated common shares will be deemed to represent the number of post‐consolidated common shares of Lords & Company that the holder is entitled to.
Lords & Company previously announced private placement of units will proceed on a pre-consolidation basis.
Lords & Company Worldwide Holdings Inc. (LRDS) is unchanged trading at $0.085 per share as of 12:56 p.m. EST.
