Fiore Cannabais Ltd. (FIORF)

[phittt]

The following is from CBIS PR. I'm down over 50% on CGOTF. Problem is, I'm original investor in CBIS and look at the ride on which it recently went. Just interesting is all...Sad, but interesting...

Liht Transaction (pending completion):
Effective March 5, 2019, the Company executed a letter of intent to acquire a 51% ownership in California license holder, "420 Express Delivery Inc." which operates, "Green Leaf Wellness", a dispensary in the Coachella Valley of California, from Liht Cannabis Corp., (the "Liht Transaction") a publicly traded company on the CSE.
Consideration payable by the Company will be the rebranding of the Green Leaf Wellness dispensary, valued at US$250,000, under the Company's "The JointTM" banner; and US$350,000 in Class A Subordinate Voting Shares of the Company (the "Subordinate Voting Shares"), which will be subject to a 12-month trading restriction following the date of issuance. The Company will retain a right-of-first refusal to purchase the remaining 49% of Green Leaf Wellness and related assets at fair market value in exchange for additional Subordinate Voting Shares and/or cash consideration for a period of 5 years following closing of the Liht Transaction.
The completion of the Liht Transaction will be subject to applicable regulatory approvals.