Ann: Notice of Recapitalisation DOCA Execution, page-5

Yes.

Assuming that shareholders vote for the recapitalisation proposal. Expect massive dilution and a huge consolidation given how many shares are on issue.

I would guess that their will be a debt for equity swap as part of the DOCA at the post consolidation/raising share price.

The question is, what assets do they still hold?

Was the deal for the US assets ever formalised?

Is their Malta cannabis production licence still in good standing?

Has their application for an Australian production licence been thrown out due to all their delays/problems?