Month end report, January 5 2015
Chlormet and AAA Heidelberg are currently working on a final share exchange agreement for the transfer of the remaining 83.5% of AAA Heidelberg to Chlormet. To facilitate the current work in London Chlormet has provided AAA Heidelberg with a secured loan of 160,000 as per the terms in the Letter of Intent.
AAA Heidelberg has been notified by Health Canada that it has passed the Enhanced Screening stage and is currently in the Security Stage. In this stage the principals of AAA Heidelberg are being subjected to detailed background checks. Upon passing the Security stage AAA Heidelberg anticipates a review and then a pre-license inspection.
The Issuer entered into an Exclusivity Agreement with Babcock Bench Farms LLC of Washington State to lease property, building, and equipment in support of BBF’s state approved marijuana Production and Process License under Washington State Initiative 502. Due diligence is ongoing.
Management has been active in fulfilling its administrative duties.
https://www.cnsx.ca/cmsAssets/docs/Filings/2015/2015_01_05_14_02_08_%20PUF_December_2014_-_Monthly_Progress_Report.pdf