|Bid||0.2350 x 0|
|Ask||0.6500 x 0|
|Day's range||0.2200 - 0.2200|
|52-week range||0.2200 - 0.2200|
|Beta (3Y monthly)||-1.76|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Newton Energy Corporation (NTN-H.V) (the “Company” or “Newton”) announces that it has entered into a termination agreement with respect to the non-binding letter of intent with Verano Holdings, LLC previously announced on December 4, 2018. The Company continues to pursue opportunities for a potential acquisition. Certain statements in this press release are forward-looking statements and are prospective in nature.
Newton Energy Corporation (NTN-H.V) (the “Company” or “Newton”) announces that it has entered into a non-binding letter of intent (“LOI”) with Verano Holdings, LLC (“Verano”), a US-based company involved in the growing and distribution of cannabis and cannabis related products in the United States. The LOI outlines the proposed terms and conditions pursuant to which the Company and Verano will effect a business combination that will result in a reverse takeover of the Company by the securityholders of Verano (the “Proposed Transaction”) and the listing for trading of the securities of the resulting issuer (the “Resulting Issuer”) on the Canadian Securities Exchange (the “CSE”). Verano is a vertically integrated US-based cannabis company with material revenue operating in a number of States.