Lifeist Wellness Inc (NXTTF)

[greenwillow]

Should be interesting to see how this plays out.

So the Kung-Fu master is difficult to work with, shocker...

Interesting, Namaste recently provided working capital to chokolat, w/ conversion of shares if they don't pay back in time. I have to go back and look at the loan agreement?

Chokolat doesn't have a sales license, so is cannmart still their distributor? How will chokolate sell?

Is namaste putting them in a choke hold to gain majority interest, if chokolat doesn't pay on time????

Kung fu master might lose his company fairly quick, if this is the case?

Here's the PR on recent loan agreement:

Namaste's CannMart Enters into Loan Agreement with Choklat Inc.
Canada NewsWire

TORONTO, Oct. 18, 2019

https://www.otcmarkets.com/stock/NXTTF/news/Namastes-CannMart-Enters-into-Loan-Agreement-with-Choklat-Inc?id=243684

" today announced that it has entered into a secured convertible loan agreement (the "Loan Agreement") with Choklat Inc. ("Choklat"), a private chocolate manufacturer in Alberta to advance $300,000 to Choklat."

The principal and all accrued interest thereon is repayable in full by Choklat at any time prior to December 31, 2020 (the "Maturity Date"). In the event that Choklat fails to repay any principal or interest outstanding under the Loan Agreement on or prior to the Maturity Date, all such outstanding amounts will automatically convert into common shares in the capital of Choklat (each, a "Choklat Share") at a deemed value of $0.152 per Choklat Share.



We'll know by the end of the 2020, if chocolate doesn't pay back on time....then loan converts into shares & most likely giving Namaste controlling interest.