Fire Cannabis Inc. agreed to acquire remaining 92.5% stake in National Concessions Group, Inc. for $81.9 million on November 29, 2018. As a result of this transaction, National Concessions Group, Inc. will be 100% owned by Fire Cannabis. As a consideration, Fire Cannabis Inc. will pay $20 million in cash, will issue 65 million common shares and 17.5 million Restricted Shares. In connection with the acquisition, SLANG completed an offering through a syndicate of agents led by Canaccord Genuity Corp. and including Clarus Securities Inc., GMP Securities L.P. and Paradigm Capital Inc. on September 26, 2018. Pursuant to the Offering, SLANG issued 44 million subscription receipts at a price of $1.50 per subscription receipt for gross proceeds of approximately $66 million. The Acquisition is subject to a number of contingencies which must be satisfied prior to closing, including satisfying the Escrow Release Conditions. If the Escrow Release Conditions are not satisfied on or before the Escrow Release Deadline, then the Escrowed Funds will be returned to the holders of the Subscription Receipts and as a result, the binding acquisition arrangement may be terminated. The acquisition of National Concessions Group is set to close immediately prior to or concurrently with listing of the Common Shares on the CSE. SLANG Worldwide Inc. (CNSX:SLNG) formerly known as Fire Cannabis Inc. completed the acquisition of remaining 92.5% stake in National Concessions Group, Inc. on January 22, 2019.