Freedom Holding Inc. (FHLD)

[m0n]

8k hit on $2 valuation on acquisition w/ $1.5 mil revenue.


https://www.otcmarkets.com/filing/html?id=16584740&guid=-am-kqY28YZnJth

Item 1.01. Entry into a Material Definitive Agreement
On April 19, 2023 the Company entered into a Definitive Agreement with Villa Flora, Inc. The Agreement calls for
a.
Freedom to purchase 100% of Village Flora, Inc. with the issuance Freedom 200,000 common shares @ $2.00 per share for a total value of $400,000.00.
b.
Village Flora shall become a wholly owned subsidiary of Freedom.
c.
Village Flora holds two fully up to date Cannabis Licenses, with an estimated worth of $1.5 Million. As a wholly owned subsidiary of Freedom the Licenses will become an asset of the company
1)
License #1 – License Number: CDPH-10003635 License Type: Provisional Type 6: Non-Volatile Solvent Extraction
2)
License #2 – License Number: C11-0000438-LIC License Type: Provisional Distributor
Item 8.01. Other Events

On April 20, 2023 a press release was issued to announce the acquisition of Villa Flora