In the statement of the 27th it states that Definitive agreement has been signed.
Now it states:
"as both parties move towards the finalisation of the Definitive Agreement this
week, for the sale of MGC Derma to CannaGlobal."
Now there is an additional "together with finalisation of formal agreements"
What do they mean by "This week"?
10 business days has turned into
"The total C$1m is on track to be paid by CannaGlobal within the 10-business day timeframe stipulated in MXC’s announcement on 27 September 2018, along with completion of the formal agreements for the transaction."
Note the addition.
Last announcement
"CannaGlobal is a diversified, growth-focused Toronto-based holding company, with a global portfolio of cannabis assets, established by high profile Canadian entrepreneur Lorne Gertner."
September 27 it was "Cannaglobal founders and major shareholders"
Draw your own conclusions.
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- Ann: MGC Derma - CannaGlobal Transaction Update
Ann: MGC Derma - CannaGlobal Transaction Update, page-79
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