SmartKem Inc. has entered into an amended agreement with Jericho Energy Ventures Inc. to continue exclusive negotiations regarding a possible business combination. The amendment extends the exclusivity period for negotiating the terms of a definitive agreement to February 3, 2026. Additionally, the deadline for SmartKem to purchase at least $500,000 of Jericho common shares, a condition that prevents Jericho from terminating the agreement, has been extended to December 31, 2025. Other terms of the agreement remain unchanged, according to a filing from SmartKem Inc.
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