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"On May 20 2020, the Company (Planet 13) closed on its acquisition of Newtonian Principles, Inc. resulting in the Company acquiring a California cannabis sales license held by Newtonian Principles, Inc and a 30-year lease for a dispensary in Santa Ana, California and certain other assets.
The Company paid a total of $1,000,000 in cash and issued 3,940,932 Class A shares valued at $4,453,832 to the sellers on closing."