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the share consideration will be released from escrow

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Liquid_Bull   Wednesday, 05/01/19 12:12:57 PM
Re: J.D. Penny post# 1222
Post # of 1316 
the share consideration will be released from escrow and issued to the shareholders of Canna Farms in six-month increments over 30 months from the closing. As a result of the Transaction, Canna Farms has become a wholly-owned subsidiary of the Company.

I don't think the Canna Farms team will be selling their shares at .60-.70 per share when they receive shares originally valued at $1.20 every six months for the next 2.5 years. They never would have taken this deal with 92.5 million in stock and 22.5 million in cash. I think they are buying VVCIF with the 22.5 million in cash they received.

Next share issuance will be around August 1, 2019 at which time 3 more transactions over a an 18 month period will complete the deal.


So I assume we will have a tough time sustaining any steady increase in pps immediately after these planned distributions but I don't believe every share distributed will be sold so selling should dry up as the days go by until around August 1st. Then repeat the cycle until the Canna Farms deal is complete.

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