Just little background on previous Tetra owners.They bought or...

Just little background on previous Tetra owners.
They bought or $100k now selling 14months later for $900k, not bad little investment. Wonder how much revenue they made from it?

Canada NewsWire

TORONTO, May 12, 2020

TORONTO,May 12, 2020/CNW/ - Meta Growth Corp. (TSXV: META) ("Meta Growth", "META" or the "Company"), a leading Canadian recreational cannabis retailer, today announced that it is selling its common shares in Tetra Pty Ltd ("Tetra") to THC Global Group Limited (ASX: THC) ("THC") for total consideration of AU$900,000.

META originally invested in Tetra, a leading clinic network inAustraliafacilitating access to legal medicinal cannabis, in March 2019. As META's strategic focus shifted from medicinal cannabis to recreational retail cannabis, the Company has been evaluating opportunities to monetize its medicinal cannabis investments and redeploy the proceeds into recreational retail. META's total investment in Tetra was AU$100,000.

The consideration value of AU$900,000 is allocated as AU$150,000 in cash, and AU$750,000 in THC shares, and will be paid on a staged basis as per the following table:

.25 per share

1,500,000 stock options in THC exercisable at AU

.40 expiring two years after
issue

1		Stage 1At Close	AU,000 in cash 1,350,000 THC shares issued at AU
2	Stage 1At Close	AU$75,000 in cash 1,350,000 THC shares issued at AU$0.25 per share 1,500,000 stock options in THC exercisable at AU$0.40 expiring two years after issue
3	Stage 1At Close	AU$75,000 in cash 1,350,000 THC shares issued at AU$0.25 per share 1,500,000 stock options in THC exercisable at AU$0.40 expiring two years after issue
4	Stage 2Three monthsafter Close	AU$37,500 in cash AU$225,000 in THC shares, with the issue price calculated as the higher of 105% of the 10-trading day VWAP prior to issue date or AU$0.35
5	Stage 3Six months afterClose	AU$37,500 in cash AU$187,500 in THC shares, with the issue price calculated as the higher of 105% of the 10-trading day VWAP prior to issue date or AU$0.40

The Stage 1 THC shares and the THC stock options are subject to a 12 month hold from their date of issue.

THC is a diversified global cannabis company with primary operations inAustraliaandCanada. It is listed on the ASX under the symbol THC. THC is the first ASX listed entity to fully own and operate commercial medicinal cannabis production facilities underAustralia'scannabis regulations, and itsSouthportfacility is one of the largest pharmaceutical GMP cannabis manufacturing facilities in the world. THC also owns and operates Crystal Mountain, a profitable, fast growing hydroponics equipment and supplies wholesaler and retailer servicing the rapidly expanding cannabis sector inNorth AmericaandEurope. Post-acquisition, Tetra and THC will pursue a number of expansion opportunities, including expanding its current network of partnerships with private hospitals and medical centres inAustralia, and exploring the potential to launch in new regions includingNew Zealand.

The transaction is subject to customary closing conditions and is expected to close before the end ofMay 2020.

About Meta GrowthMeta Growth is a leader in secure, safe and responsible access to legal recreational cannabis inCanada. Through itsCanada-wide network of Meta Cannabis Co.™, Meta Cannabis Supply Co.™ and NewLeaf Cannabis™ recreational cannabis retail stores, Meta Growth enables the public to gain knowledgeable access toCanada'snetwork of authorized Licensed Producers of cannabis. Meta Growth is listed on the TSX Venture Exchange under the symbol (TSXV: META).

For more information on Meta Growth, visit:metagrowth.com