Ann: MGC Derma - CannaGlobal Transaction Update, page-43

Its a bizarre deal.
If the owners of Cannaglobal are cannabis company experts and hooked up in the Canadian Industry then why is MGC paying for them to get up and going? surely they have a few Million seed capital to do it themselves?

The usual way this is done is the new partner would buy out the share of the company MGC doesn't own and offers cash value + equity + offtake and MGC free carried through the whole process and making cash.

MGC have basically funded this company to listing and doing so risked their own capital doing this in exchange for some magic beans that might be worth something someday.
Makes no sense.