Artificial Intelligence Technology Solutions Inc (AITX)

[Milesblue42]

Equity Financing Agreement with GHS Investments, LLC

Why did Ceo Steve Reinharz sign off on such a share price destructive deal?

Below is the link to the Securities Exchange Commision S1

https://www.otcmarkets.com/filing/html?id=16961606&guid=FsJ-keIQNuhudth


Page 1

Equity Financing Agreement with GHS Investments, LLC



On March 22, 2023, we entered into the Equity Financing Agreement with GHS referred to herein as the “Purchase Agreement”.



Pursuant to the Purchase Agreement, we have the right, in our sole discretion, subject to the conditions and limitations contained therein, to direct GHS, by delivery of a purchase notice (a “Purchase Notice”) to purchase (each, a “Purchase”) over the 24 month term of the Purchase Agreement, a minimum of $10,000 and up to a maximum of $1,500,000. The aggregate value of Purchase Shares sold to GHS may not exceed $12,500,000. Each Purchase Notice will set forth the Purchase Price and number of Purchase Shares in accordance with the terms of the Purchase Agreement. The maximum dollar amount of each Put will not exceed 250% of the average daily trading volume for the common stock during the 10 consecutive trading days preceding the Put Notice Date.

EXHIBIT 5.1

You have requested my opinion, as counsel, with respect to certain matters in connection with the filing by Artificial Intelligence Technology Solutions, Inc. , a Nevada corporation (the “Registrant”), of a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Act”), including a related prospectus filed with the Registration Statement (the “Prospectus”), covering the resale by Selling Stockholder GHS Investments LLC (“GHS”) of 1,250,000,000 Common Stock Shares, par value $0.00001 (the “Shares”) to be sold by the Selling Stockholder GHS.

Guess who signed off on this deal.....yep Ceo Steve Reinharz



But yet he posts silly things like following