PINL:HERTF - Post by User
Comment by
4coffeeson Sep 26, 2018 7:17pm
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Post# 28697171
RE:RE:RE:RE:I am confused
RE:RE:RE:RE:I am confusedMy bad, I thought we were all aware as it was part of yesterday’s discussions. I was referring to the canna cure closing deal. But thanks for all the kind words.
Under the terms of the agreement, shareholders of CannaCure will receive 100 million shares of Heritage with an additional 33 million units subject to an escrow release upon certain milestones in exchange for 100% ownership of CannaCure to Heritage. The transaction is scheduled to close on or before September 28, 2018, and is subject to several conditions including the completion of due diligence, a definitive agreement, regulatory approval, as well as Heritage obtaining a minimum of $7.5 million for expansion purposes.