RE:RE:Vivo investments in Shg/v & hiti/v both on fire; good newsPage 14 those company's were bought out and names have changed take a look. Page 14 (8) ceived as provision and equity. 8. Other Financial Assets National Access Cannabis Corp. dba Meta Growth ("Meta Growth") During 2018, the Company purchased 5,494,505 common shares of Meta Growth for a total cost of 5,000,000. The valuation at September 30, 2020 was based on the quoted market price of $0.12 per share on September 30, 2020. The Companys investment in Meta Growth has been classified as level 1 within the fair value hierarchy quoted market price. Decibel Cannabis Company Inc. ("Decibel") During 2018, the Company purchased $5,882,353 units of Decibel (formerly Westleaf Inc.), each consisting of one common share and one half of one warrant, with each whole warrant exercisable into one common share at a price of $0.85 until October 2, 2020, for a total cost of $5,000,000. As at September 30, 2020, the fair value of the shares was determined based on the quoted market price of $0.086 per share on September 30, 2020. The fair value of the associated warrants, is based on the Black-Scholes model with the following assumptions: exercise price of $0.85, risk free rate of 0.23%, expected volatility of 68.5%, expected life of 0.01 years and expected dividend yield of 0%. The shares have been classified as level 1 within the fair value hierarchy quoted market price, and the warrants have been classified as level 2 valuation technique with observable market inputs. CB2 Insights Inc. ("CB2") In 2015, the Company advanced $160,000, represented by a promissory note, to CB2 (formerly MVC Technologies Inc.). The loan was fully impaired in 2015 and was converted into 208 Class B common shares of CB2 in 2016. CB2 subsequently completed a series of share consolidations, resulting in the Company owning 6,240,000 common shares of CB2. The valuation at September 30, 2020 was based on the quoted market price of $0.23 per share on September 30, 2020. As at September 30, 2020, the company held 5,304,000 shares of CB2. The Companys investment in CB2 has been classified as level 1 within the fair value hierarchy quoted market price. Friendly Stranger Holdings Corp. ("Friendly Stranger") In June 2019, the Company purchased 187,500 Class A common shares in the capital of Friendly Stranger for $750,000 and Friendly Stranger issued the Company a convertible debenture in the principal amount of $500,000. The debenture matures on June 19, 2021, bears interest at the rate of 6.0% per annum, and is convertible into Class A common shares of Friendly Stranger at a conversion price of $5.00 per share. The conversion will be forced upon Friendly Stranger obtaining authorization for a second cannabis retail store location. The Class A common shares were measured at fair value through profit or loss. The Friendly Stranger is not a publicly traded company therefore, the fair value was classified as level 3 within the fair value hierarchy. On November 2nd, 2020, It was announced that the Friendly Stranger was being acquired by Fire and Flower Holdings Inc (TSX:FAF). Therefore, the Company valued the shares at an average offer price of $2.40 per share of Friendly Stranger. Therefore, as at September 30, 2020, the Company determined the fair value of the investment was $450,000. The convertible debenture is measured at fair value through profit or loss. The fair value was classified as level 3 within the fair value hierarchy. The fair value of the debt component was calculated using a discount rate of 29.5% at date of issuance. The conversion feature was calculated using the Black-Scholes model with the following assumptions: share price of $2.40, exercise price of $5.00, risk free rate of 0.25%, expected volatility of 100%, expected life of 0.72 years and expected dividend yield of 0%. As at September 30, 2020, the convertible debenture had a fair value of $451,729. Subsequent to September 30, 2020, the convertible debenture was converted (note 16).