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Under the terms of the Purchase Agreement, New

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Homie50   Thursday, 07/22/21 03:09:13 AM
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Under the terms of the Purchase Agreement, New Deli Hillcrest will acquire certain assets from Liv Marketplace for an aggregate purchase price of US$3,150,000. The purchase price will be satisfied by a combination of US$450,000 in cash and 5,916,436 common shares in the authorized share structure of the Company ("Consideration Shares") at an issue price equal to CDN$0.55 per share, representing the volume weighted average trading price of PlantX's common shares on the Canadian Securities Exchange (the "CSE") for the immediately preceding 10-day period. New Deli Hillcrest will also purchase an additional US$97,245.11 worth of inventory from Liv Marketplace. The Consideration Shares are subject to a 4 month statutory hold period in accordance with applicable Canadian securities laws.

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