Post by
shneps on Mar 18, 2022 10:07am
Promissory Note Attached to Acquisition
As part of Naturo's business dealing Marcello lent Naturo the following promissory note which is secured by the assets Bevcanna bought. Yay.
"(b) During the year ended December 31, 2020, the promissory note was extended for one year. As at December 31, 2020, the promissory note has outstanding principal balance and accrued interest of $2,518,631 (2019 - $2,399,684) in total. The loan is secured by the land of the Company and the personal property of the Chief Executive Officer (“CEO”) under the general security agreement."
Congratulation on your purchase of Naturo and Marcello thanks you.