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Eden Empire Receives Pre Qualification Approval In the State of Michigan


Eden Empire Receives Pre-Qualification Approval In the State of Michigan
Dear Shareholders,

Eden Empire Inc has received its Pre-Qualification Approval in the State of Michigan as disclosed in our press release, or on our profile at SEDAR.

As our first entry into the US, and in a jurisdiction with high barriers to entry, this is a significant milestone for Eden Empire and a reflection of our strategic growth initiatives to become the premier retail dispensary chain in North America.

Michigan is the 10th largest state in the country with a population of nearly 10 million people and approximately 277,000 registered patients in the state’s medical cannabis program. We look forward to the increased scope of opportunities this approval presents and the greater market potential for our retail dispensaries and offerings. 

Onwards,

Gerry Trapasso
CEO | EDEN
 

Debenture Holder Share Conversion:

In connection with the previous statement regarding CSE listing, all outstanding Eden Debentures automatically convert into Eden Shares pursuant to the terms and conditions of the Eden Debentures.
 
As a result, the principal amount of the outstanding Eden Debentures plus all interest accrued thereon (calculated up to, and including, July 21, 2020) will be converted into Eden Shares at a conversion price of $0.30 per Eden Share. 
 
Please note that Odyssey Trust Company, as transfer agent, will send out notifications to all debenture holders requesting that they surrender their original debenture certificates and, following such surrender, Odyssey will send out DRS Statements representing the Eden Shares to each debenture holder.

For further information contact:
Gerry Trapasso, Chief Executive Officer and Director
email: gerry@edenempire.com 

 


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