InvestorsHub Logo

shell3

03/12/19 11:20 PM

#15 RE: Destroyer67 #14

I’d say a Push to that within couple weeks and then settle to .50 like they did $FRL?

But that when it should gain USA listing - And they might wait and List USA 1st before run and that would be nice

shell3

03/12/19 11:42 PM

#16 RE: Destroyer67 #14

Here’s the Shares gave for Platform


On December 31, 2018, the Company issued 795,455 and 1,245,454 shares as consideration for the acquisition of the TokeIn assets. The shares have a deemed value of $262,500 and $548,000, respectively.


.33 CBII and .44 CBII

Now what Merida did was loan the Cash for existing debt and collect 12% until converted to shares and I don’t see that happening anytime soon but they’ll (Merida) They’ll gather up the Float and run it when ready

On December 20, 2018, the Company signed a term sheet for the issuance of US$2,400,000 convertible secured debentures to Merida Capital Partners II LP (‘Merida’). Pending issuance of the said debentures, the Company issued Merida a promissory note, such note convertible to debentures on agreement by Merida and the Company, and Merida advanced to the Company funds, amounting to US$2,400,000. The Company used these funds to repay the promissory note outstanding for the purchase consideration of Canna Care (see Note 12). The Note bears interest at 12% per annum and is due 18 months from the issue date.


I’d say Merida already has the Shares

On February 14, 2019, the Company closed the second tranche of the non-brokered Private Placement Financing of subscription receipts with the issuance of 2,184,000 subscription receipt units for gross proceeds of $1,092,000. These Subscription Receipt Units will convert automatically into an aggregate of 2,184,000 shares and 1,092,000 warrants, with each whole warrant exercisable to purchase one common share of the Company at a price of $0.80 for a period of three (3) years from issuance.
?? On February 15, 2019, the Company closed the third tranche of the non-brokered Private Placement Financing of subscription receipts with the issuance of 1,688,420 subscription receipt units for gross proceeds of $844,210. These Subscription Receipt Units will convert automatically into an aggregate of 1,688,420 common shares and 844,210 warrants, with each whole warrant exercisable to purchase one common share of the Company at a price of $0.80 for a period of three (3) years from issuance. The Company also issued 5,600 broker warrants in connection with the closing of the Subscription Receipt Units. Each broker warrant entitling the holder to purchase a Unit at $0.50 for a period of three (3) years.
?? On February 21, 2019, the Company closed the fourth tranche of the non-brokered Private Placement Financing of subscription receipts with the issuance of 533,920 subscription receipt units for gross proceeds of $266,960. These Subscription Receipt Units will convert automatically into an aggregate of 533,920 common shares and 266,960 warrants, with each whole warrant exercisable to purchase one common share of the Company at a price of $0.80 for a period of three (3) years from issuance.



I’d say Merida has .50 in the Units and .80 for the Warrants

So today’s .325 to .395 would be .175 to .015 loss if the sold and would expect they We’re just gathering the others to Hold most here

shell3

03/13/19 12:35 AM

#19 RE: Destroyer67 #14

Share were gave for the Platform @ .33 on 500K or so and about 1.2M @ .44

Merida looks as they recieved theirs mid-February and 5M @ .50 and anothe 2.5M Warrants for .80

I’d say they could just keep buying this up to atleast above their .50 buy-in

I’d also say they bought the 4.5M today also off the Market