Psygen Industries Ltd. (“Psygen“) and Larose Ventures Ltd. (“Larose Ventures” or the “Company“) are pleased to announce they have entered into a binding letter agreement (the “Letter Agreement“) dated March 23, 2021, to complete a business combination by way of a transaction that will constitute a reverse takeover of a wholly-owned subsidiary of the Company, being 1290442 B.C. Ltd. (“SpinCo“), by Psygen (the “Transaction“). The Transaction is conditional on, and will be effected after, the closing of the Company’s previously announced strategic reorganization, whereby the Company intends to spin out its interest in SpinCo, along with six other wholly-owned subsidiaries,…