Andina terminated the deal to merge with Emmac.

Andina Acquisition III, a blank check company, terminated the deal to merge with Emmac, a European medical cannabis company. The completion of the business combination was subject to, amongst other matters, the negotiation and execution of a definitive agreement for the business combination, and despite significant efforts by all parties involved and progress towards the completion, particularly against the challenging global economic conditions, it was not possible to finalize the negotiations to the satisfaction of both parties.