Court Approves Scheme for Cannatrek Acquisition
Key points
- Court approves Little Green Pharma's acquisition of Cannatrek
- Scheme becomes effective as of 25 May 2026
- Cannatrek shareholders to receive consideration on 1 June 2026
Full summary
Little Green Pharma Ltd (ASX:LGP) is pleased to announce that the Federal Court of Australia has approved its proposed acquisition of 100% of Cannatrek Ltd (Cannatrek) via a scheme of arrangement. The scheme, which has now become legally effective, will see Cannatrek shareholders receive the scheme consideration on 1 June 2026. The acquisition marks a significant milestone for Little Green Pharma as it expands its global footprint in the medicinal cannabis market.
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