Wednesday, September 09, 2020 4:28:30 PM
THE GREATER CANNABIS COMPANY, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the Six Months Ended June 30, 2020 and 2019
(Unaudited)
NOTE F - DERIVATIVE LIABILITY
The derivative liability consists of:
June 30,
2020
December 31,
2019
Convertible Promissory Note dated February 12, 2019 payable to Eagle Equities, LLC. Please see NOTE E – NOTES PAYABLE TO THIRD PARTIES for further information (i):
Due February 12, 2020
$ 77,474 $ 182,625
Due January 17, 2021 135,983 -
Due February 12, 2021 78,277 -
Due June 3, 2021 40,361
Convertible Promissory Note dated January 27, 2020 payable to GW Holdings Group, LLC. Please see NOTE E – NOTES PAYABLE TO THIRD PARTIES for further information (iii)
Due January 27, 2021 159,410 -
Due June 1, 2021 48,182 -
Convertible Promissory Notes dated October 18, 2019 payable to Emet. Please see NOTE E – NOTES PAYABLE TO THIRD PARTIES for further information (ii):
$451,505 note due October 18, 2021 - 328,953
$112,876 note due October 18, 2021 - 100,680
$ 99,331 note due October 18, 2021 - 88,599
$ 11,288 note due October 18, 2021 - 10,068
$ 25,587 note due October 18, 2021 - 14,940
Total derivative liability $ 539,686 $ 725,865
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