Day: January 17, 2023

WILMINGTON, Del., Jan. 17, 2023 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Company” or “Onfolio”), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced that it has entered into an asset purchase agreement (the “Agreement”) with Contentellect Limited (“Contentellect”) to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing. The transaction is expected to close in the first quarter of 2023. Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Today, Contentellect helps small-and medium-sized businesses scale their content with blog writing, link building, and more. The service offering consists of copywriting...

ESTERO, Fla., Jan. 17, 2023 (GLOBE NEWSWIRE) — GRN Holding Corporation, Inc. (OTC Pink: GRNF) is pleased to announce it has entered into a non-binding letter of intent for a corporate restructuring with Marijuana Inc. of Florida. By collaborating with both companies resources and leadership and leveraging an extensive network of relationships, the company expects to bolster growth opportunity through access to public markets, making this an attractive potential merger for GRNF stockholders. Under the terms of the LOI, GRN Holding Corp and Marijuana Inc would merge to become a consolidated entity, with Marijuana Inc’s existing equity holders exchanging their shares in Marijuana Inc, for equity in the consolidated public company. The Company expects to announce additional details regarding the proposed business consolidation...

VANCOUVER, BC, Jan. 17, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Neovasc Inc. (“Neovasc” or the “Company“) (NASDAQ,TSX: NVCN), a leader in the development of minimally invasive devices for the treatment of refractory angina, announced today that the Company has entered into a binding agreement (the “Arrangement Agreement”) with Shockwave Medical, Inc. (“Shockwave”), whereby Shockwave has agreed to acquire all of the issued and outstanding common shares (the “Common Shares”) of the Company (the “Transaction”). Under the terms of the Arrangement Agreement, Neovasc shareholders will receive US$27.25 per Common Share in cash upfront on completion of the Transaction, corresponding to an enterprise value of approximately US$100 million, plus deferred payments of up to approximately US$47 million on the...

SUFFOLK, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) — TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Farmers Bankshares, Inc. and its subsidiary, Farmers Bank, Windsor, Virginia. The merger solidifies the number one market share position for TowneBank in the Virginia Beach-Norfolk-Newport News MSA, adding Isle of Wight and Southampton counties to its service area while expanding Towne Insurance Agency’s market base. The merger was announced in August 2022 and received overwhelming support from Farmers shareholders in December 2022. “Our TowneBank family is delighted to have our long-time friends at Farmers Bank join us,” said G. Robert Aston, Jr., Executive Chairman of TowneBank. “We look forward to the expanded products and services we can provide to our growing member base through our partnership and the...

The Acquisition Is Expected to Accelerate Revenue Growth and Expand Addressable Market in a $120 Billion* U.S. Industry DELRAY BEACH, Fla., Jan. 17, 2023 (GLOBE NEWSWIRE) — PetMed Express, Inc. (“PetMeds®”) (NASDAQ: PETS), Your Trusted Pet Health Expert™, has reached a definitive agreement to acquire PetCareRx, a leading supplier of pet medications, food, and supplies. The combined entities will expand PetMeds’ existing base of over two million customers and will add approximately 10,000 incremental wellness products to the company’s existing product offering. The acquisition of PetCareRx gives PetMeds an immediate revenue boost, and the company believes it can expand on that growth through an expanded product catalog and differentiated services. “We believe this acquisition will not only be highly beneficial to our customers...