RE:RE:Emc , Vff and Att
The Company signed a letter of intent with the Alliance of Beverage Licensees (ABLE BC) to establish an exclusive complementary partnership in ABLE BC's member stores. The letter of intent outlines an exclusive agreement between the Company and ABLE BC to offer expert technical advice regarding the commercialization of cannabis products sold in ABLE BC member stores and locations. 3. The Company has formed a new partnership with Faculty Brewing Co., a Vancouver-based craft brewery, to develop a hemp-infused, cannabinoid-rich, THC (tetrahydrocannabinol)-free craft beer. Pursuant to a research services agreement between the Company and Faculty Brewing, the Company will conduct research and development activities related to the development of a hemp-infused, cannabinoid-rich, THC-free craft beer, or a line of such beers, for Faculty Brewing. 4. The Company acquired Green Tree Therapeutics. As a result of the acquisition, Green Tree becomes a wholly owned subsidiary of the Company and Green Tree's products become available through the Companys wholly owned subsidiary Vergence Naturals Ltd. In connection with the acquisition, the company issued an aggregate of 15 million common shares of the company to the former shareholders of Green Tree. In addition, in consideration for the right to acquire Green Tree, which right was previously held by Winston Resources Inc., the Company issued 15 million shares to Winston. 5. The Company acquired a 49-per-cent stake in CannaNUMUS Blockchain Inc., pursuant to the investment agreement dated Jan. 31, 2018, between the company and CannaNUMUS. Pursuant to Active Health's agreement with CannaNUMUS, CannaNUMUS will invest into Active Health and, in exchange, Active Health will participate as one of CannaNUMUS's blockchain portfolio companies. More specifically, Active Health will use a fixed percentage of its quarterly revenues to buy CannaNUMUS tokens on the open market and subsequently burn them. The effect of the buy and burn will be similar to that when a company repurchases its own stock, and will function as method of providing liquidity to the market for CannaNUMUS tokens. Token burning will also act as a low-friction method of returning value to token holders.