Here we go always a catch, no money so we add shares. These will...

Here we go always a catch, no money so we add shares. These will never be SP movers when you dilute the stock at the same time.

Consideration

In consideration for the Stock-for-Stock Exchange pursuant to the Agreement, and subject to shareholder approval, CGB will transfer to BSPL 50 million CGB Shares simultaneously with the transfer to CGB by BSPL of eighty percent (80%) of the shares of PMRPL. BSPL will retain a twenty percent (20%) ownership interest in PMRPL.

CGB intends to review and assess the optimum funding arrangements for PMRPL to develop commercial opportunities and back the continued research and clinical trials of these products. Subject to regulatory approvals CGB intends to investigate raising money directly into PMRPL with the view to independently list PMRPL on the ASX in 2020. In the event that Cann Global elects to proceed with this strategy, it is intended that a priority allocation of shares will be reserved for existing shareholders of CGB.