- The parties have mutually agreed to extend the completion date of the acquisition of MGC Derma until the 31st of October. This is to allow for the completion and execution of the Definitive Agreements and all related contracts for the MGC Derma acquisition
- The extension is to provide adequate time for the completion of the share purchase agreement under Slovenian law
- This extension of time has also been agreed to allow CannaGlobal to complete its corporate actions relating to other cannabis related business opportunities, and finalisation of its key investor partners
- The balance of the C$1m down payment for the first order under the Supply Agreement, of which the first instalment already been transferred to MGC by CannaGlobal, will also be extended by the agreement to the same date
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