July 20, 2024

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Crescita to Acquire Strategic Assets of Occy Laboratory

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LAVAL, Quebec — Crescita Therapeutics Inc. (TSX: CTX and OTC US: CRRTF) (“Crescita” or the “Company”), a growth-oriented, innovation-driven Canadian commercial dermatology company, today announced that it has agreed to acquire all of the non-real estate business assets of Occy Laboratory Inc., (“Occy”), a Laval-based manufacturer and distributor of high-quality dermocosmetic products (the “Transaction”).

The Transaction, conducted pursuant to the voluntary proceedings undertaken by Occy under the Bankruptcy and Insolvency Act, is expected to enhance Crescita’s position in the Canadian skincare market by expanding its product offering and customer network and represents a further step in the execution of Crescita’s growth plan. The acquired assets include Occy’s manufacturing equipment, inventory, customer network and intellectual property (the “Assets”).

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2024-06-20 07:40:36

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