48 48NORTH CANNABIS CORP. ("NRTH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 28, 2019
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing a Share Purchase Agreement dated August 22, 2019 between 48North Cannabis Corp. (the "Company") and Rare Industries Inc. ("Rare") whereby the Company acquires all of the issued and outstanding shares of Rare which is located in the state of Oregon, USA. Consideration is USD$640,795.71 cash and 2,247,851 common shares. Pursuant to revenue performance, up to 4,852,425 additional common shares may be issued over the next two year period at a price of USD$0.64916.
For further information, please refer to the Company's news release dated August 23, 2019.