SUPPLEMENTAL INFORMATION AND DISCLOSURE STATEMENT
Period Ending April 29, 2022
Cannabis Strategic Ventures, Inc.
CUSIP: 13765M109 Trading Symbol: NUGS
On March 31st, 2022, the Board of Directors of the Company entered into a Term Sheet with a private individual ("Buyer") that discusses the terms of selling the Company's Downtown Los Angeles cannabis licenses to the Buyer.
In the terms, a $1,000,000 deposit will be used to secure the transaction and an additional $3,000,000 will be due at closing, equating to a total purchase price for the asset at $4,000,000.
If the transaction is complete, the Company may plan to use some of the proceeds of the sale for operational expenses, capital expenditures and growth capital.
At the time of this notice, the Definitive Purchase agreement is still being finalized and the transaction has not yet been closed.
By: /s/Pyng Soon
Director
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Cannabis Strategic Ventures published this content on 30 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2022 03:04:30 UTC.