Facedrive Receives Court Approval for the Acquisition Of Certain Assets of Foodora Canada

TORONTO–(BUSINESS WIRE)–Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly and socially responsible ridesharing network, is pleased to announce that it has received approval from the Ontario Superior Court of Justice (Commercial List) of its asset acquisition transaction (“Transaction”) with Foodora Inc. (“Foodora Canada”) on July 8th, 2020. Facedrive initially disclosed the Transaction on May 14, 2020, by announcing that it had entered into a binding term sheet with Foodora Canada in the proposal proceedings commenced by Foodora Canada under the Bankruptcy and Insolvency Act.