PUMP received $2,012,740.00 on closing ...With high end restaurants and social opportunities restricted by COVID it will surely take a long time for Rosy & Gang to burn through the 2+M bucks.
In connection with Fire & Flower's acquisition of PED, World-Class received $2,012,740 in cash on closing, and an aggregate of up to 278,945 Fire & Flower Common Shares, with 62,800 released on closing and the remainder placed in escrow pending completion of customary working capital adjustments and subject to achievement of certain performance-based milestones in the fiscal 2022 year. As a result of the sale, all of the Company's shares in PED have been exchanged for Common Shares of Fire & Flower