Cen Biotech Announces The Signing Of A Merger Agreement With Csoc
By: CEN Biotech Inc.
WINDSOR, Ontario - June 21, 2019 - PRLog -- CEN Biotech, Inc. (CEN) is pleased to announce it has entered into a Merger Agreement (the "Merger Agreement") with Caduceus Software Systems Corp., a Wyoming corporation ("CSOC"), which was reviewed and approved by the Board of Directors of CEN on June 21, 2019. This transaction follows the signing of a Non-Binding Term Sheet with CSOC on May 15, 2019, in which, CEN and CSOC agreed to undertake a merger transaction to combine the two companies' operations and negotiate and enter into a definite agreement to affect the transaction.
According to Joseph Byrne, CEO of CEN Biotech Inc., "We believe that this Merger Agreement is a major milestone in completing the transaction with CSOC to create a combined company that, we believe, can create value for both CEN and CSOC shareholders."
However, there can be no assurance that the Merger Agreement can close as planned, or at all, and there can be no assurance that the transactions contemplated by and in the Merger Agreement, can be completed as planned, or at all.
About CEN Biotech, Inc.
CEN Biotech, Inc. is a global holding company—dedicated to seeking to identify and develop alternative approaches to business opportunities in diversified, yet related industries. With core operations focused on North America, Eastern Europe and China, CEN Biotech is continually looking to develop its dynamic and unique businesses, by seeking to leverage exclusive relationships with governments and private enterprises, around the world. In addition to CEN's focus on improving the health and wellness of people, CEN also has proprietary technologies, which it believes has widespread commercial application in the Industrial, Automotive, and Agriculture sectors.
About Caduceus Software Systems Corp.
Caduceus Software Systems Corp. (OTC PINK: CSOC) designs and develops healthcare software. CSOC provides software for patient management, appointment scheduling, physician memorandum recording, medical symptoms monitoring, and ailment and digital image. CSOC serves patients in the United States.
This press release contains "forward-looking"
Media Inquiries can be sent to:
Brian Payne, Vice President
CEN Biotech Inc.
(519) 419-4958, Extension 1506