- By Insights@Blackwall
- Posted February 3, 2017
Today AusCann Group Holdings Limited (ASX:AC8) commenced trading on ASX after a reverse takeover of TW Holdings Limited and a successful $5 million capital raising. The company has partnerships with leading Canadian company Canopy Growth Corporation and Chile’s Fundacion Daya.
The transaction involved a takeover bid by TW Holdings for its now-subsidiary AusCann Group Holdings, as well as a full re-compliance process under Chapters 1 and 2 of the ASX Listing Rules. The listed company was assisted through the nine-month merger process by Blackwall Legal.
Read more about AusCann here.