Chalice Brands amended agreement to acquire Cannabliss & Co. retail locations

• Consumer-driven cannabis company, Chalice Brands (OTCQB:CHALF) signed an amending agreement to improve the terms of its previously disclosed asset purchase agreement which was originally executed on September 16, 2021, to acquire four retail stores branded Cannabliss & Co. from Acreage for total consideration of $6.5M.
• Payment consists of a $250,000 payment already made at the time the original agreement was signed, plus an additional $100,000 in cash at closing, offset by a deduction of $300,000 from the purchase price to settle the accounts payable to Chalice Brands.
• Company will pay the balance owed of $5.85M by way of a 36-month secured promissory note carrying accrued interest at a rate per annum equal to 12%.
• Closing of the transaction as amended by the amending agreement is subject to approval by the Oregon Liquor and Cannabis Commission.
• OLCC approval is expected to occur within the next 30 days.

Comments

[OneStrawRevolutionFarming2023]

Does any of this money go to Murph who sold out and hasn't done anything for anyone it appears since he got his 60 million :-(