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Thetford Mines, QC – TheNewswire – June 28, 2023 – KDA Group Inc. (TSXV:KDA) (“KDA” or the “Corporation”) is pleased to announce the completion of the transaction with 9486-4410 Quebec Inc. (the “Purchaser”), a subsidiary of U.S.-based Clinical Education Alliance, LLC, previously announced by press release dated May 29, 2023, according to which the Purchaser acquired all the shares of Agence L.I.V. Inc., a wholly-owned subsidiary of KDA, for an aggregate purchase price of thirteen million five hundred thousand dollars ($13,500,000) subject to closing adjustments. The transaction is effective as of June 28, 2023.
KDA has obtained the approval of the TSX Venture Exchange to the transaction on June 5, 2023, subject to the filing of the required final documents and form, and all such conditions have been satisfied.
KDA has also obtained the consent and approval of its shareholders to the transaction at the annual general and special meeting of the Corporation’s shareholders held yesterday on June 27, 2023.
This transaction is part of a financial strategy that will allow the Corporation to accelerate the commercialization of its technologies on the national and international market.
KDA’s goal is to propel the acceleration of the digital transformation of healthcare safely and securely for the benefit of patients worldwide and the professionals who take care of them wherever they may be.
This transaction enables KDA to consolidate its position in the healthtech market as a public corporation with global reach in pharmaceutical technology solutions and to focus on developing healthtech products for the rapidly growing connected health market.
ABOUT KDA GROUP
KDA Group is a leader in technological innovations and specialized solutions in the pharmaceutical market. KDA is a corporation that offers quality products and has a respected expertise among the various stakeholders in the pharmaceutical and medical sectors. Its management team is guided by the vision to pursue leading the way in Canada and internationally. Additional information about the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other
similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
INFORMATION
Marc Lemieux, Chief Executive Officer
514 622-7370
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