date:Apr 23, 2012
Functional Technologies has signed a Letter of Intent to divest its subsidiaries, Phyterra Bio and Maritime Pulse Drying, as well as the early stage technology and property assets of these subsidiaries, in a management purchase by the president of the company, Garth Greenham, and its chief scientific officer, Michael Horne.
The company will transfer certain federal and provincial government loans and funding associated with these technologies and properties, plant and/or equipment, as well as c