Chris Lowrey
Pontiac April 11, 2019
Ottawa-based hemp company LiveWell Foods Inc. has rebranded itself as Eureka 93 after shareholders approved a merger with Vitality CBD Natural Health Products Inc. and Mercal Capital Corp. on April 11.
The new company will be one of the largest hemp companies in North America, according to a press release.
The merger is still subject to approval by the Canadian Securities Exchange.
The name of the company comes from the location of the company’s CBD extraction facility off U.S. Route 93 in Eureka, Montana.
A new CBD extraction facility aims to produce 1,000 kg of CBD per day.
There have been plenty of questions in the Pontiac about the future of LiveWell, which promised to build a state-of-the-art cannabis growing facility and research hub.
But LiveWell was hit with a legal claim by Deslan AIM – an environmental cleanup company – alleging Deslan AIM hadn’t been paid $1,679,118 by LiveWell in January.
