Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following two offers if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
10-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you downgrade to Basic or cancel with-in 10 days of first subscribing, we will refund your payment upon request. Immediately after downgrading or cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Premier Diversified Holdings to Acquire Shares of ZED Therapeutics Inc.

Not for dissemination in the United States of America

VANCOUVER, British Columbia, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Premier Diversified Holdings Inc. ("Premier" or the "Company") (TSXV: PDH) announces that, subject to approval of the TSX Venture Exchange (the "TSXV"), it will acquire 5,144,000 Common shares of ZED Therapeutics Inc. ("ZED") for total consideration of $25,720.

ZED is a privately held company incorporated under the laws of Alberta. ZED is a start-up company which intends to participate in the medicinal hemp industry. Medicinal hemp is distinct from medicinal cannabis. Medicinal hemp is CBD oil and plant products with less than 0.3% THC.  The Company is acquiring common shares of ZED at a price of $0.005 per common share. All other subscribers in ZED's financing are acquiring common shares at the same price as the Company. Following closing of ZED's financing, Premier anticipates that it will hold approximately 36.7% of the issued and outstanding shares of ZED. ZED may complete future equity financings which would result in dilution of Premier's interest in ZED.

Sanjeev Parsad, a director and officer of the Company, is a director of ZED as of August 29, 2018.  Mr. Parsad will not be active in the management or day-to-day activities of ZED.

About Premier Diversified Holdings Inc.

Premier is a British Columbia company which operates in diversified industries. It acts as a holding company (either directly or through a subsidiary) that may be active in the management of its subsidiary companies to varying degrees. Information about Premier may be found at www.pdh-inc.com.

On behalf of the Board of Directors

“Sanjeev Parsad”

Sanjeev Parsad
President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company can be found on SEDAR at www.sedar.com.

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include: (i) that Premier will acquire shares of ZED at a certain price; (ii) that ZED will participate in the medicinal hemp industry; (iii) that other subscribers in ZED's financing will participate on equal terms as the Company; and (iv) that following the closing of ZED's financing, Premier will hold a certain percentage interest in ZED. Factors that could cause actual results to be materially different and assumptions used to develop forward-looking information include but are not limited to the following: (i) that the terms of the ZED financing or number of shares issued pursuant to the ZED financing may change; and (ii) that ZED will operate in a different industry. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements. 

For further information, contact:
Sanjeev Parsad, President and CEO
Phone: (604) 678.9115 ext 205
E-mail: sparsad@pdh-inc.com Web: www.pdh-inc.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).