RE:Grb bonus for shareholdersI hope they still own the 10M shares issued.
I understand that Greenbriar had to still its interest to captiva? Greenbriar was required to sell its interest as the Toronto Venture Exchange continues to prohibit Hemp related products in a business plan. Captiva is listed as a Life Sciences company on the Canadian Securities Exchange where such activities are permitted. The terms of the deal whereby Captiva has acquired Greenbriar's interest will be announced shortly, as negotiations are underway for additional interest.
So the bonus for GRB shareholders would be the 10M shares , and does the joint venture 50/50 profit splits get effected in anyway ?
Because if Captiva increases its interest in the production and marketing agreement with the TOP hemp branding and big box retailer, that does billions in sales yearly. This will increase the profits also on greenbriars side of the 50/50 split ? Captiva has just issued 10,687,500 of its common shares to Greenbriar and will incur all of the development costs to earn a 50% interest in and to the project.
The Project is in final stages of principal design and engineering and will submit completed plans to the governmental agencies very shortly. The construction cost of the homes will be borne through non-recourse project level financing that prevents dilution to both shareholders of Greenbriar and Captiva. The Project has a capital cost of US$350 Million and profits will be split 50/50 between both parties. The joint venture has several benefits to the Greenbriar shareholders: