TKane Friday, 04/23/21 04:08:14 PM Re: None Post # of 13 Eden Empire (CNSX: EDEN): Management's Discussion and Analysis for the Six Months ended January 31, 2021 - Dated: March 29, 2021 https://webfiles.thecse.com/sedar_filings/00049922/2103291812151532.pdf Quote:"On October 7, 2019, the Company entered into an option agreement (the “Michigan Option”) to purchase all of the issued and outstanding shares of Actium Botanicals, Incorporated (“Actium”). Actium is in the process of applying for facility licenses at two locations: its Battle Creek facility and Stronach facility in Michigan, USA. Pursuant to the Actium Option, the vendor agrees to use reasonable best efforts for Actium to obtain the required licenses, consents and approvals to initiate the operations of the facilities." "The Company paid a non-refundable deposit of $20,000 with respect to the Michigan Option, which may be applied against future payments due under the option. The Michigan Option is valid for a period of one year, and may be extended for up to an additional year at the cost of US$1,666.67 for each month extended. As the purchase price for the Michigan Option, and until such time as the Company makes the Option Termination Payment, the Company shall make payments in an amount equal to 4% of the amount of all gross receipts actually received by Actium at the Battle Creek and Stronach facilities, due within 45 days after each calendar quarter, until payment of the Option Termination Payment. The “Option Termination Payment” is a one-time payment to the vendor of US$5,000,000. The Michigan Option provides that, concurrently with its execution, the Company and Actium will enter into a service agreement and a lease for the real estate owned by Actium and an affiliate of the vendor, on which the Stronach Facility is situated (the “Stronach Lease”). Pursuant to the service agreement, the Company will provide certain services to support Actium’s operation of the Battle Creek and Stronach facilities prior any exercise of the Michigan Option. OUTLOOK The Company’s current goal is to become the most prominent cannabis company in North America. The Company intends to grow organically in Canada and expand throughout the United States. The Company intends to accomplish this goal through organic growth and expansion, including acquisitions to allow it to grow vertically, horizontally and to increase market share. The Company intends to make acquisitions and investments in other entities for the strategic growth of its business operations with its major focus on the United States." Nothing I say, post, or do should ever be considered financial advice. It is just my personal opinion. I may be holding a long, short or no position. I am NOT or NEVER have been compensated to post on here and my posts are for entertainment purposes only.