VIVO Cannabis Inc. VVCIF

FAF shares

[jayoneill]

On October 16, 2020, the Company received notification that a Conversion Event took place on October 6, 2020 with respect to the convertible notes of the Friendly Stranger which are held by the company. In accordance with the terms of the Debentures, the Principal Amount was converted into fully paid and nonassessable Common Shares at the Conversion Price of $5/share, resulting in 107,808 shares of the Friendly Stranger Subsequently, on November 2, 2020, the Friendly Stranger entered into a share purchase agreement with Fire & Flower Holdings Corp (FAF), in which the Company’s shares of Friendly Stranger would be valued at a range of $2.30 to $2.50. Upon closing of the transaction, the shares of Friendly Stranger will be converted to FAF shares valued at $0.803 – or approximately 3 shares of FAF for every 1 share of Friendly Stranger. After a lockup period of 6 moths, the company will have access to a liquid market FAF is publicly listed on the TSX (FAF.TO)

107,808 x 3 = roughly 323427 shares of FAF.

[bankbuilder]

Thanks Jay, makes the future even brighter

[couver]

awesome if any of these that are listing and entering the US space ar successful vivo will be more like a SPAC than a weed co let's go hiti and faf nasdaq not a bad move vivo, well done

[jayoneill]

Skylight heath also applied to list ont he nasdaq