"BLOX intends to reach an agreement with Best Cannabis Products to acquire an 180,000-sq.-ft greenhouse facility located on 50 acres of land in Leamington, Ontario.
The LOI also includes management of the Leamington cannabis greenhouse whereby AgraFlora would receive up to 19.99% ownership, subject to the satisfaction of certain milestones, in BLOX or the “Newco” upon closing of the BCP arrangement.
Further, AgraFlora is to be named the manager of the Leamington cannabis greenhouse and will receive a management services and special warrants assuming BLOX completes its acquisition of Best Cannabis Products within the timeframe to be referenced in the agreement."
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