Andina Gold Corp. Announces CryoCann USA Corp Asset Acquisition
DENVER, June 28, 2021 — Andina Gold Corp. (the “Company“) today announced the Company’s acquisition of the assets of CryoCann USA Corp.
Following the execution of a non-binding letter of intent on February 25 of this year, the Company undertook a due diligence review of a proposed transaction with CryoCann USA Corp (“CryoCann”). The Company’s management is pleased to announce the completion of that review and the signing of an Asset Purchase Agreement with CryoCann as contemplated in the letter of intent. Under the Asset Purchase Agreement, the Company, through its wholly owned subsidiary, will acquire substantially all of CryoCann’s intellectual property and other assets.