BZAM Ltd BZAMF

Healthcare Cannabis

BZAM Ltd. is a Canadian cannabis producer with a focus on branded consumer goods. Its portfolio includes core brands, such as BZAM, TGOD, ness, Highly Dutch Organic, TABLE TOP, as well as partner brands Jeeter, Cookies, Sherbinskis, Dunn Cannabis, FRESH and Wyld. It operates facilities in British Columbia (BC), Alberta (AB), Ontario and Quebec, as well as retail stores in Regina, Saskatchewan. The Company’s subsidiaries, The Green Organic Dutchman Ltd. (TGOD), BZAM Management Inc., Folium Life Science Inc. and BZAM Cannabis Corp., are licensed producers and hold licenses to produce cannabis plants, cannabis plant seeds, dried cannabis, fresh cannabis, cannabis oils, cannabis topicals, cannabis extracts and edible cannabis and sell such cannabis products within Canada to provincially authorized retailers or distributors and federally licensed entities. Its product portfolio includes categories, such as Infused, Multi-packs, Edibles, Organic, and Craft.

GREY:BZAMF - Post by User

BZAM Ltd

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Comment by OneInvestor77on May 01, 2018 2:56pm

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Post# 27965992

RE:RE:RE:RE:RE:RE:RE:RE:RE:Warrants

UserError wrote: That's the one thing I'm not sure about on the term sheet.

1. Warrants are transferable (not explicitly exchange listed).
2. Hold Period Common Shares and Warrants are subject to 6-month contractual escrow period from the date the common shares are listed ("Listing Date").
3. The Warrant Shares will be subject to a twelve-month contractual escrow period from the Closing Date.

Closing Date would usually be the date the financing closed, which was over 12 months ago. That's what's confusing. The argument could be that the closing date would actually be the date the warrant exercise closes (different in each scenario). I would have expected more language on that though.

Just an additional point I'll add. If the date is based on when the warrants are exercised, it would mean each investor would have a different restriction date. That's kind of crazy and I don't think that would happen. Brokers wouldn't want to manage that.

UserError, I believe the exercise of the warrants, like the common shares from the PP's was to start the timeline from when TGOD actually started trading, which is tomorrow. So the common share hold period will be 6 months from tomorrow, making the shares tradeable on Oct 2nd & the warrant period starting from May 2nd as well, that's my understanding and I've asked on different occasions for the clarity.

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