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Q & A with Vivo Investor Relations concerning

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J.D. Penny   Tuesday, 05/07/19 12:07:48 PM
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Q & A with Vivo Investor Relations concerning Canna Farms deal:

1. Was the 22.5 million in cash all paid at execution last year?

The cash was paid at the closing of the transaction


2. How many shares have released from escrow for this deal and how many shares remain to complete the stock obligation of this deal?

The shares were issued at the close of the transaction and are held in escrow. They start being released from escrow in six-month increments over 30 months from closing. About 17 million shares will be released six months after closing (end of this February) and about 13.7 million shares in four blocks about six months apart.


3. How many shares does Canna Farms former ownership currently hold per this deal?

92.5 million shares


4. Are the shares already a part of the float or will these shares increase the float (dilute) as they are released?

Yes the shares are included in the current float – there is no dilution after release from escrow


5. Is Canna Farms guaranteed $1.20 per share or will they simply sell at market prices when they receive and sell at their discretion?

No, the Canna Farms shares trade at the market prices, $1.20 was the deemed value at the time of the purchase


6. Has Canna Farms sold any of the shares they received as payment from Vivo or is there a time period as to when they can sell?

To my knowledge, they have not sold shares – they do have control over the first block of shares that have come out of escrow. It’s important to note that Canna Farms is a wholly-owned subsidiary and the Canna Farms management team is still in place running the business.

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