RE:RE:RE:RE:RE:RE:AcquisitoinThey posted the acquisition metrics afterwards. You are right. So we still have lots of cash to use as a weapon too. Retail Portfolio Summary: The Company expects that based on regulations adopted in other Canadian jurisdictions, the vast majority of 180 Smoke and subsidiaries retail portfolio, including its GTA stores, will be eligible for retail cannabis distribution. 15 profitable Greater Toronto Area (GTA) locations 6 Tier-1 leases in Hamilton Region, ON 1 Tier-1 lease in Niagara Falls, ON 1 approved cannabis Development Permit for Tier-1 lease in Calgary, AB 2 Tier-1 leases in in Edmonton, AB 1 Tier-1 lease in in Chilliwack, BC 1 profitable location in Buffalo, NY Transaction Summary: The total consideration for the Acquisition shall be $25 million dollars (the Purchase Price), plus up to an additional $15 million dollars upon the successful completion of certain milestones (the Milestone Payments) by December 31, 2020. Purchase Price The breakdown of the Purchase Price is as follows: a) $22.5 million in CannaRoyalty common shares that will be priced based on the 15-day VWAP to market close on September 26, 2018 (the Acquisition Share Price). b) $2.5 million in cash to be paid on the Closing Date. Purchase Price Adjustment If CannaRoyaltys average VWAP during the 3-month period of October 1, 2020 and December 31, 2020 does not trade 15% above the Acquisition Share Price, 180 will receive an additional issuance of $10 million of CannaRoyalty common shares, calculated as $10 million divided by the Acquisition Share Price. (the Purchase Price Adjustment). The Purchase Price Adjustment is contingent on 180 Smoke meeting or exceeding $25 million in exit rate revenues in 2019 (the 2019 Revenue Target). If the 2019 Revenue Target is not achieved, the Purchase Price Adjustment will not be issued. Milestone Payments a) New Cannabis Licenses A payment of $300,000, payable to the shareholders of 180 Smoke in CannaRoyalty common shares, per Cannabis Store opened prior to December 31, 2020, up to a maximum of $9 million. b) Vape Stores A payment of $120,000, payable to the shareholders of 180 Smoke in CannaRoyalty common shares, per Vape Store opened prior to December 31, 2020, up to a maximum of $6 million. c) Acquired Vape Stores A payment of $60,000, payable to the shareholders of 180 Smoke in CannaRoyalty common shares, per Vape Store acquired prior to December 31, 2020, up to a maximum of $3 million. d) Processing License in Canada A payment of $2.5 million, payable to the shareholders of 180 Smoke in CannaRoyalty common shares for the obtainment of an Indoor Standard Processing License. The Milestone Payments referred to above in section a, b, and c are further subject to a total cumulative cap of $12.5 million.