GREY:YSSCF - Post by User
Post by
Jonathan430on Jul 21, 2019 2:42pm
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Post# 29944237
Acquisition Terms for Sweet Tree shareholders
Acquisition Terms for Sweet Tree shareholders
Upon closing, Sweet Tree shareholders received consideration of $1.5 million cash and 27.0 million YSS Shares.
85.5 million additional YSS Shares will be issued in 28.5 million YSS Share increments to Sweet Tree shareholders upon receipt of an AGLC license on each of the two AGLC-inspected locations (Calgary Sunridge Mall and High River) and the currently unconstructed Calgary 17th Avenue S.W. location.
11.25 million additional YSS Shares will be issued to Sweet Tree shareholders upon the earlier of receipt of an AGLC license and two years from closing of the Acquisition, on the currently unconstructed Calgary Douglas Glen and Okotoks locations.
11.25 million additional YSS Shares will be issued to Sweet Tree shareholders upon the earlier of receipt of an AGLC license and two years from closing of the Acquisition, on the currently unconstructed Okotoks location.
Sliding scale contingent consideration of up to 53.8 million additional YSS Shares if the currently operating stores in Calgary (Riverbend and Forest Lawn) exceed certain cash flow thresholds, namely a double in year-to-date financial results of the stores.