Cannabis Consortium, Inc. and its partners agreed to acquire Infused Edibles for $4.3 million on May 29, 2018. The agreement has been signed pursuant to the exercise of the options to purchase Infused Edibles. The consideration consists of $0.75 million cash payment and the issuance of Cannabis' stock valued at $3.5 million. Cannabis has agreed to enter into employment agreements with key personnel of Infused Edibles to ensure continuity after the sale is completed. The cash portion of the purchase price will be used to upgrade the facility with new equipment and to pay for an Organic Certification. Global Consortium Inc. (OTCPK:GCGX) completed the acquisition of Infused Edibles effective February 5, 2019. Global Consortium Inc. (OTCPK:GCGX) cancelled the acquisition of Infused Edibles on October 22, 2019. The shares issued as part of the consideration will be canceled and returned to treasury reducing the current shares outstanding shares of Global Consortium Inc.