James E Wagner Cultivation Corp JWCAF

James E. Wagner Cultivation Corp, through its subsidiary is a licensed producer of medical cannabis focusing on producing clean, consistent cannabis using an advanced and proprietary aeroponic platform named GrowthSTORM. The company's operations are based in Kitchener, Ontario.

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James E Wagner Cultivation Corp > Anyone care to explain?

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Post by CONESTOGA13on Dec 30, 2019 10:50am

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Post# 30501190

Anyone care to explain?

Am I reading this right? "The parties have agreed to a pre-paid interest amount on the First Tranche equal to CDN$400,000 and a commitment fee in the amount of CDN$100,000."

Does this mean they are paying $500,000 for a $2 million loan? Plus 4 million shares???

https://stockhouse.com/news/press-releases/2019/12/30/james-e-wagner-cultivation-announces-convertible-security-funding-agreement

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