I thought this $8mil debt would be for operational costs being converted to shares, please clarify Serge, thanks in advance
As at 30 September 2016, the Target Companies collectively owed a total of C$8,819,003 to MMJ (“Target Debt”). MMJ has agreed to sell 100% of its right, title and interest in the Target Debt to Harvest One for a consideration equal to 11,758,671 Harvest One Shares at an ascribed price of C$0.75 per share, representing a total value of C$8,819,003, with payment to be made upon settlement of the Harvest One Transaction.
Ann: Section 708 Notice and Appendix 3B - Option Exercise, page-28
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