On Jan. 29, 2020, HTC Extraction Systems (TSXV: HTC) (OTCQB:
HTPRF) announced that it had closed its previously announced
purchase of all the issued and outstanding shares of Kase Farma
Inc. from Starling Brands, Inc.
As part of the transaction, Kase Farma has entered into an
intellectual property licensing agreement with Starling Brands that
allows for a technology transfer, whereby intellectual property and
technology licensed under the agreement will be utilized and
deployed in HTC's Canadian facility.
Kase Farma, now a wholly owned subsidiary of HTC, is authorized
to operate in the areas of hemp cultivation, extraction, refining
and formulation in the State of California.
Gowling WLG was Canadian counsel to Starling Brands with respect
to this transaction with a team that included Peter Simeon and
Warren Cass.