Two M & A Consultants have been retained to seek out suitable targets and to negotiate with the vendors of businesses currently being offered for sale and that meet our criteria; namely their being well established, profitable and cash flow positive. A number of targets have been identified in the USA and in Canada and negotiations are ongoing. The Company will be in a position to access certain amounts of cash on an ongoing basis to facilitate the outright purchases of the companies targeted and for cash.
The Consultants have indicated that they are reasonably confident that an initial four outright acquisitions could be consummated during next month.
We are exploring various options to acquire licensed retail operations with physical store locations and e-Commerce capabilities. This we would do gradually, if at all; due to the complexities of managing retail stores.
If successful in these acquisitions, we will be establishing an appropriate infrastructure in order to oversee and to properly manage all operational companies acquired, this to include a dedicated Management Team reporting to the Directors. We will then be in a position to commence with the provision and continual updating of guidance pertaining to our Revenues, Earnings per share, Trading conditions, etc.
All transactions will be effected through new wholly owned subsidiary companies of GNCC.
The two M & A Consultants retained to seek out suitable targets and to negotiate with the vendors of businesses currently being offered for sale and that meet our criteria, remain in ongoing negotiations and are conducting due diligence; with a fair number of parties based in both Canada and in the USA.
Due to the sensitivity of ongoing negotiations and with our having signed extensive Non-Disclosure Agreements on each transaction, we are not in a position to provide guidance as to the nature of these transactions.
We are reasonably confident that one of these transactions will be consummated and announced as early as next week. This transaction is considered to be material and is in the Cannabis Sector. Due to the technical complexity of this business, we will compile an extensive data presentation pack on an OTCIQ Filing and providing web site links. This is in order for our shareholders to fully understand that company's business.
News 
Market Data 
Discover 
AI
