Announced
Financials
Tags
Failed
Majority
Private
cannabis company
medical cannabis
Acquisition
Merger
Single Bidder
specialty pharma
United Kingdom
Friendly
Pharmaceuticals
Cross Border
Reverse Takeover
De-SPAC
Synopsis
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.
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