Great Slave Helicopters (Yellowknife) has entered into a non-binding letter of intent (LOI) providing for a CAD65 million Canadian dollar (USD48.3 million) acquisition of the company by FluroTech, a company linked to the commercialisation of new technologies in the cannabis industry with no commercial operations or assets other than cash.

FluroTech would acquire all of the issued and outstanding Great Slave Helicopters shares through a combination of bank and equity financing, the two companies announced in a statement….

Source: ch aviation
Read more: Weed specialist set to buy Canada’s Great Slave Helicopters