Fiore Cannabais Ltd. (FIORF)

[Srmadison]

What do you mean no revenue is given up?

LIHT has to pay back the entire $80 million

And then gets 50% of revenue

EXPENSIVE MONEY!


This is the Chase deal:


“the JV Agreement will be divided between the parties as follows: (a) in the event that at the time of a cash flow distribution Liht has not repaid in full all capital expenditures contributed: (i) 20% to Liht; (ii) 80% to the joint venture partner; (b) in the event that at the time of the cash flow distribution Liht has repaid in full all capital expenditures contributed: (i) 50% to Liht; (ii) 50% to the joint venture partner. These agreements will allow Liht to continue its growth strategy in the Province of British Columbia”