On March 19, 2024 Hempalta Corp. (TSXV: HEMP) (formerly Trail Blazing Ventures Ltd.) (the “Company“) issued a press release announcing that it had completed its previously announced “Qualifying Transaction” in accordance with the policies of the TSX Venture Exchange (the “Transaction“). The Transaction was completed by way of a three corner amalgamation among Trail Blazing Ventures Ltd. (“TBV”), a wholly owned subsidiary of TBV and Hempalta Inc. (“Target”). Pursuant to the Transaction, among other things, TBV, a capital pool company under the policies of the TSXV, acquired all of the issued and outstanding securities of Target and completed a name change to “Hempalta Corp”. The shares of Hempalta Corp. (“Hempalta”) commenced trading on the TSXV at the market open under the ticker symbol “HEMP” on March 22, 2024.
DS Lawyers Canada LLP acted as legal advisor to Hempalta Corp. with a team consisting of Robert Verbuck, Michael Ginevsky, Adil Hirji, and Thomas Heine.
Hempalta is focused on harnessing the immense potential of hemp. Hempalta’s products are made from hemp grown sustainably in Alberta and processed using a state-of-the-art processing plant at its production facility in Calgary. Hempalta is led by passionate advocates of industrial hemp with years of experience in operations, manufacturing, marketing, consumer packaged goods and retail. The company was named one of the top 10 startups by Platform Calgary’s Launch Party and recognized as one of the 50 most investable clean technology companies by Foresight Canada.
DS Lawyers Canada LLP is pleased to have assisted Hempalta in the closing of this Transaction.
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