Additional NROn February 12, 2020, the Company entered into a Share Purchase Agreement to acquire all of the issued and fully diluted outstanding shares of TT Enterprises Inc. d/b/a True Toke (“True Toke”).
The consideration payable by the Company for the purchase of True Toke consists of the issuance of 7,500,000 common shares of the Company (issued on February 24, 2020) and a payment of $50,000 (paid on March 18, 2020) on closing day. An additional $150,000 shall be payable by the Company upon the Company completing a financing of at least $500,000 post of concurrent listing of the Company’s common shares on the CSE. On February 24, 2020, the Company issued 525,000 common shares of the Company to an arm’s length party in connection with the acquisition of True Toke.