Ann: Sale of MGC Derma to Strategic Partner Cannaglobal Canada, page-52

don't know why some people are pessimistic on this deal.

IMO I thing it's a good deal:

- no further burden of derma, no further marketing costs means focus on core operation;
- C$2.5m of loan repayment owed to MXC by its new partner, MXC has option to be paid in cash;
- C$1m cash to be received in 10 working days;
- I pointed out previously that MXC should have learnt a lesson from VC deal and perform detailed due diligence work on its biz partner. In the ANN u can tell MXC has reiterated this. IMO MXC will receive the money and ship the CBD.
- as for its partner Cannglobal, if you were their management or founder would you choose not to work hard and to succeed after u have paid C$1m cash plus put another C$2.5m liability on ur shoulder?

think about the above. be patient.

I didn't expect high. I posted previously that my best guess is a sale for equity of another company. now it turns out just like that.