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Justera Health Ltd. (SCRSF) is a Canadian company founded in 2020, specializing in health and wellness solutions. The company offers diverse services, innovative products, and strategic partnerships to empower individuals to prioritize their well-being. With subsidiaries like Naturevan Nutrition, which provides premium nutritional supplements, and Juillet Wellness, offering registered massage therapy and acupuncture, Justera aims to enhance overall well-being. Recent achievements include securing supply agreements with Emart24 through JS Foods Global, expanding their global footprint. Justera is committed to growth, evident in their collaboration with Port North Extracts Inc., a solventless cannabis brand, to diversify their product offerings and cater to evolving market demands. Stay updated on Justera's journey of innovation and expansion in the health and wellness sector.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) has closed a previously announced debt settlement agreement. The company settled a $355,570 debt owed to a non-arm's-length creditor by issuing 7,111,400 Units at a deemed price of C$0.05 per Unit. Each Unit comprises one Common share and one Share Purchase Warrant, exercisable at $0.05 per share for an additional Common share, valid for 5 years. The warrants include an acceleration clause for forced exercise if the company's shares trade at or above $0.10 for 5 consecutive trading days on the CSE. The issued securities will be subject to a four-month and one-day hold period from the date of issuance.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) has successfully completed the acquisition of Port North Extracts Inc., a popular cannabis brand known for its solventless extraction techniques. The transaction, closed on October 16, 2024, involved exchanging 80,000,000 Justera common shares for 100% of Port North's outstanding shares at a deemed value of $0.02 per share. Additionally, Port North warrants were exchanged for Justera warrants with an exercise price of $0.05 per share.
The acquisition aims to diversify Justera's product offerings and expand its footprint in the cannabis sector. Joshua Herman, Port North's CEO, has joined Justera's Board of Directors. Justera plans to leverage Port North's expertise and market presence to drive expansion and profitability in the coming months.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) has announced a debt settlement agreement to settle an outstanding debt of approximately C$355,570. The company will issue 7,111,400 Units at a deemed price of C$0.05 per Unit to a non-arm's-length creditor. Each Unit consists of one Common share and one Share Purchase Warrant exercisable at $0.05 per share for an additional Common share, valid for 5 years.
The warrants include an acceleration clause for forced exercise if the company's shares trade at or above $0.10 for 5 consecutive trading days. The Board believes this settlement preserves cash for ongoing operations. The transaction is subject to a 4-month and 1-day hold period from issuance. As certain directors are insiders of the creditor, this is considered a "related party transaction" under MI 61-101, but the company intends to rely on exemptions from valuation and minority shareholder approval requirements.
Justera Health (CSE:VTAL)(OTC PINK:SCRSF) has signed a definitive agreement to acquire 100% of Port North Extracts Inc., a solventless cannabis brand. The transaction involves Justera issuing 80,000,000 common shares at a deemed value of $0.02 per share to Port North shareholders. Additionally, Port North warrants will be exchanged for Justera warrants exercisable at $0.05 per share. The acquisition aligns with Justera's strategy to diversify its portfolio and expand in the health and wellness sector, particularly in the cannabis market. Joshua Herman, Port North's CEO, is expected to join Justera's Board of Directors. The deal is subject to closing conditions, including regulatory approval and Port North having a minimum cash on hand of $150,000.
Justera Health has signed a non-binding Letter of Intent (LOI) to acquire all outstanding shares of Port North Extracts, a leading solventless cannabis brand. The acquisition involves issuing 110 million Justera shares at $0.02 each, valued at $2.2 million. Port North is raising $600K through a financing initiative. The completion of the transaction depends on meeting several conditions, including regulatory approvals and Port North having $600K in cash by closing. This acquisition aims to enhance Justera's product offerings and expand its market presence.
Justera Health (OTC Pink: SCRSF) announces a delay in filing its audited annual financial statements, which may lead to a failure-to-file cease trade order by the OSC. The Company is working to finalize the filings promptly to resume normal trading conditions.
Justera Health (CSE: VTAL) (OTC Pink: SCRSF) has announced the resignation of Tyler Burpee from its board for personal reasons, effective April 24, 2024. The company expresses gratitude for Mr. Burpee's service and contributions, with CEO Young Cho Lee emphasizing the commitment to continuing strategic objectives.
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