- Quinto Resources (QIT) and Next Level Health Sciences Inc. have signed a reverse takeover transaction in which the shares of Next Level will be acquired by Quinto
- Next Level is a Canadian-based food science and technology company
- All issued and outstanding shares of Next Level will be exchanged for approximately 68,000,000 post-consolidated common shares in the capital of Quinto
- Next Level will conduct two non-brokered financings for up to $1,000,000
- Quinto Resources (QIT) is a Canadian mining exploration company
- The company’s shares were trading at $0.075 as of market close on April 29, 2021
Quinto Resources (QIT) and Next Level Health Sciences have signed a reverse takeover transaction in which the shares of Next Level will be acquired by Quinto.
Next Level is a Canadian-based food science and technology company.
The company develops licensable technologies to enhance the delivery of bioactives to the bloodstream and develops and supplies non-regulated functional mushrooms and novel food products that provide health and wellness support.
In the transaction, all the issued and outstanding shares of Next Level will be exchanged for approximately 68,000,000 post-consolidated common shares in the capital of Quinto.
Founder and CEO of Next Level Health Science, David Weinkauf, commented,
“We are happy to complete this agreement with Quinto as part of our 2021 commitment to the shareholders of Next Level Health Sciences Inc. that have supported us on our vision to be a global front runner in the emerging functional & psychedelic food science & technology market.”
Next Level will conduct two non-brokered financings for aggregate gross proceeds of approximately up to $1,000,000 prior to the closing of the transaction.
Trading in the common shares of Quinto will remain halted as a result of this announcement and until the resumption of trading is approved by the TSXV.
Quinto Resources (QIT) is a Canadian mining exploration company.
The company’s shares were trading at $0.075 as of market close on April 29, 2021.