Ventura Cannabis and Wellness Corp CVHIF

RE:RE:Consideration Shares

[lscfa]

we get the lesser amount of shares based on:

$1,889,040 /$0.25 = 7,556,160

or

$1,889,040 /30 day vwap (currently about $0.56) = 3,373,286 <=========

$1,889,040 /$0.465 (75% of vibe price $0.62) = 4,062,452

BubbaNeedsMoney wrote:

 

krantz wrote:
Subject to adjustment in accordance with Article 2 of the Share Purchase Agreement, the consideration payable to the Company for the Purchased Shares is CDN$1,889,040 (the "Purchase Price"), payable in Consideration Shares. The Purchase Price will be paid and satisfied in full at the Closing Time by the Purchaser causing the issuance to the Vendor of such number of Consideration Shares as is equal to the lower of: the Purchase Price divided by the higher of: (A) the volume-weighted average trading price of the Consideration Shares on the Exchange during the 30-trading day period prior to the closing date of the acquisition (the "30- Day VWAP"); or (B) the closing market price of the Consideration Shares on the Exchange on the trading day prior to the announcement of the proposed acquisition, less a discount of not more than 25%; and the Purchase Price divided by $0.25. It looks like the number of consideration shares that we will receive, if passed, will be determined by the lower of these calculations.

WTF does all that mean?!

 

Can someone please put that in simple point form english.