Ventura Cannabis and Wellness Corp CVHIF

Healthcare Drug Manufacturers - Specialty & Generic

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction.

GREY:CVHIF - Post by User

Ventura Cannabis and Wellness Corp > Vibe shares

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Comment by Alternative33on Nov 26, 2020 6:43am

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Post# 31976967

RE:RE:Vibe shares

Terms of the Transaction In connection with the Transaction, Vibe has acquired the issued and outstanding shares of Portland for C$1,889,040 in an all-share transaction based upon Vibe's 30-day volume-weighted average price ("VWAP") of C$0.607 per share. The Company has assumed the lease obligation for the Portland dispensary, cash of $1.2 million (CAD) and existing inventory. Ventura received 3,112,092 common shares and 1,200,000 warrants, each to acquire one common share of Vibe at an exercise price of C$0.62 for a term of twelve months. The common shares issued are subject to a six month hold period.

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