TORONTO, ON – March 13, 2019 – CB2 Insights Inc. (“CB2” or the “Company”) (CSE:CBII), has completed the conversion of 100% of its outstanding Convertible Senior Secured Debentures entered into between May and September of 2017, retiring C$959,000 of principal, accrued interest and any outstanding fees through the issuance of 7,524,207 common shares. https://webfiles.thecse.com/CB2_Insights_Retires_Convertible_Debentures_2019-03-13.pdf?xR746Bk2unl2OPBBp1eZXhX5Z7Krj7s4
Looks as Merida recieved 7,524,207 for $4,282,506 or .57 Average per CBII share
That quote cost is $2,379,270 plus $23K cost or $2,400,000 as stated above but also have Warrants and News Release today shows that the Warrants were took too to have 7,524,207 Issued
Units were .50 and Warrants were only 1/2 for every Units set at .80
.57 CBII Average for Merida Capital Partners II
CB2 Insights Inc. (CBII) Closed down @ 0.36 -0.035 (-8.86%) Volume 1,963,490 today
4.5M Yesterday
.36 CBII is down .20 for Merida on that .57 Average or down -37%
News Release date today but just say it was Completed and doesn’t claim when But was Mid- January on 500,000 shares for doing the deal and then Mid-February on the rest or 7M shares
They could have shorted but price was never above their .57 Average so probably them buying up the Float but wouldn’t expect them to sell for a lose
JMO
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