They gave only 250K
Most make big investment promises..then dump shares !
learn the game
That 250K is pathetic joke...
I bet the rest will be nothing..eventually when stock sinks
Those guys will disappear
WRONG, Merida is investing tiny amount..
As disclosed in the Current Report on Form 8-K filed on September 11, 2018 (the “ Current Report ”), on September 5, 2018, Freedom Leaf Inc., a Nevada corporation (the “ Company ”), and an investor, Merida Capital Partners II, LP (the “ Investor ” or “ Merida ”), agreed (the “ September 5 th Agreement ”) that the Investor would send the Company $250,000 (the “ Deposit Amount ”) as a deposit towards a potential purchase of Company common stock under a non-binding Term Sheet (the “ Term Sheet ”), and if the full purchase contemplated under the Term Sheet was not consummated on or prior to September 17, 2018 (the “ Reference Date ”), the Company would issue to the Investor shares of Company common stock and warrants to purchase common stock. On September 5, 2018, the Investor sent the Deposit Amount to the Company.
On September 28, 2018, the Company entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with Merida and seven other investors (Merida and the seven other investors collectively the “ Investors ”), which superseded the September 5 th Agreement. Pursuant to the Securities Purchase Agreement, the Investors agreed to purchase, for an aggregate purchase price of $3,000,000 (the “ Purchase Price ”): (i) 25,000,000 shares of the Company’s common stock (the “ Common Shares ”), and (ii) three-year non-cashless warrants to acquire 25,000,000 shares of the Company’s common stock at $0.18/share (the “ Warrants ”), with Merida, for leading the syndicate and providing 68% of the funds in the offering, receiving three-year non-cashless warrants to acquire 17,000,000 shares of the Company’s common stock at $0.25/share (the “ Bonus Warrants ”).
