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WEST KELOWNA, BC--(Marketwired - July 05, 2017) - Capha Pharmaceuticals Inc.
("Capha" and/or the "Company") has terminated the Letter of Intent ("LOI") with Patel Holdings Ltd. previously announced on June 7, 2017. The Company has decided not to proceed with the acquisition of AgriForest Bio-Technologies Ltd. from Patel Holdings Ltd. as a result of due diligence carried out by the Company pursuant to the LOI.
ON BEHALF OF THE BOARD OF DIRECTORS
"James R. Brown"
James R. Brown
Chairman & CEOFor further information please contact James R. Brown 778-754-3000NEXT ARTICLE
Mergers & Acquisitions
Commercial and market reports on mergers and acquisitions in the biotechnology, pharmaceutical, medical device and life-science industries. Mergers and acquisitions (abbreviated M&A;) is an aspect of corporate strategy, corporate finance and manageme...