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Re: sav79 post# 662

Friday, 07/19/2019 3:16:42 PM

Friday, July 19, 2019 3:16:42 PM

Post# of 2100
I actually take my original no dilution statement back. I am going to have to agree that the company has been selling shares. They need that money to close on the Florida MMJ license deal, which IMO should close any day now.

Is this the note you are talking about?
“On August 30, 2018, GGB raised gross proceeds of $49,192,000 through a brokered and non-brokered private placement offering of unsecured 12% convertible debentures (the “Debentures”) at a price of CAD$1,000 per Debenture. Each Debenture unit entitles the holder to 1 common share and 1/2 warrant with an exercise price of CAD $1.80 per share (post share consolidation) for a period of two years from the closing date. Each Debenture would automatically convert on the closing of the Business Combination in exchange for common shares of the Company.”