GEMZ Corporation (GMZP)

[surfkast]

My thoughts is because of this.

On May 18, 2023, the Company’s wholly owned subsidiary BadgerBloX entered into a real estate purchase agreement to
acquire a property in Gillett, Wisconsin. The property consists of both land and building which contains both office space
and warehouse production space. The Company anticipates utilizing the property as BadgerBloX’s headquarters and
primary production facility. The purchase agreement is conditional upon local government regulatory approval of intended
use at an upcoming review committee hearing. On August 11, 2023 the Company completed the purchase of the property.
The acquisition price of the property was $240,000, and the Company has been provided title to this property. The prior
owner is holding a note on the land, and the Company has agreed to make interest only payments for 18 months