Vivo Cannabis Inc (fka VVCIF)

[J.D. Penny]

Anyone have any thoughts on the Vivo & Auxley relationshp?

It might be worth noting that Vivo had sold 50% of its Kimmett expansion capacity to Auxly (OTCQX:CBWTF)


The Company entered into the following agreements with Vivo Cannabis Inc. (“Vivo”) and ABcann Medicinals Inc.: (i) a confidential interim agreement dated May 29, 2017; (ii) a subscription agreement dated July 9, 2017; and (iii) an amending agreement to the interim agreement and subscription agreement dated March 19, 2018 (collectively the “Vivo Agreements”). Under the Vivo Agreements, the Company subscribed for 6,666,666 shares of Vivo (then ABcann Global Corporation) for $15,000. The fair value of the long-term investment was valued at $6,200 for the shares and the Company allocated the residual $8,800 of the investment as a streaming interest intangible asset. The Company and Vivo are currently engaged in confidential arbitration with respect to the Vivo Agreements. As a result of this development, management has written off the $8,800 intangible asset related to the streaming interest.