CGB 0.00% 2.1¢ cann global limited

Ann: Appendix 3B, page-3

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  1. 837 Posts.
    lightbulb Created with Sketch. 42
    This looks like an additional payment to complete the purchase of 55% of MCL to the original owners of MCL. It may not be this, but I would expect the BoD of QBL to make a part payment initially and then a final payment once a key licence has been granted by the Aust. Gov.
    Better this way than a cash payment which would play out later as a Capital Raising for QBL.
    The above is only IMO, but sounds like a normal transaction for a junior ASX company.
 
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