North Bud Farms Inc. (NBUD)

[12yearplan]

CLOSING OF PRIVATE PLACEMENTS On January 15, 2018, the Company closed a private placement for gross proceeds of $500,000. The private placement was comprised of 10,000,000 shares at a price of $0.05 per share. Directors of the Company (or corporations controlled by directors of the Company) participated in the private placement for a total amount of $500,000. On February 14, 2018, the Company closed a private placement for gross proceeds of $1,100,000. The private placement was comprised of 11,000,000 shares at a price of $0.10 per share. A Director of the Company participated in the private placement for an amount of $25,000. On April 20, 2018, the Company closed a private placement for gross proceeds of $150,000. The private placement was comprised of 1,500,000 shares at a price of $0.10 per share. On July 25, 2018, the Company closed a private placement for gross proceeds of $3,239,500. The privateplacement was comprised of 12,958,000 units at a price of $0.25 per unit. Each unit is comprised of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share of the Company at a price of $0.40 until September 20, 2020 On September 20, 2018, the Company closed a private placement for gross proceeds of $994,500. The private placement was comprised of 3,778,000 units at a price of $0.25 per unit. Each unit is comprised of onecommon share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share of the Company at a price of $0.40 until September 20, 2020. A Director of the Company participated in the private placement for an amount of $50,000. LAND ACQUISITION On June 7, 2018, the Company acquired all of the issued and outstanding shares of 9366-4027 Quebec Inc. (“9366-4027”), a company controlled by Ryan Brown, North Bud’s CEO, in consideration for 760,000 common shares of North Bud. 9366-4027 is a holding company which owns 130 acres of farmland in Venosta, Quebec, where the Company is building its future production facility. The acquisition does not meet the definition of a business combination under IFRS and, as such, has been accounted for as an asset acquisition. The landwas recorded at an amount of $190,000, being the estimated fair value of the 760,000 common shares issued. GRANT OF STOCK OPTIONS On September 19, 2018, the Company announced the grant of 5,150,000 stock options to certain of its directors, officers, employees and consultants. Each option entitles the holder to acquire one common share for a period of 5 years at an exercise price of $0.25 per common share. On September 27, 2018, the Company announced the grant of 85,000 stock options to a consultant, which vest over a two-year period. Each option entitles the holder to acquire one common share for a period of 5 years at an exercise price of $0.60 per common share.
https://webfiles.thecse.com/MDA_-_North_Bud_Farms_Inc_-_August_31_2018_-_October_22_2018_FINAL.pdf?sbhg13kZOB8cfHteZ0R.RvqNr9k45whB