Deveron Corp. (TSXV : FARM) entered into a definitive agreement to acquire Assets of Agri-Labs, Inc. for $1.2 million on March 10, 2022. As consideration for the Acquisition, Deveron has agreed to issue 375,000 shares upon closing and additional 375,000 shares in tranches on each of the first two anniversaries of the signing of the Definitive Agreement; cash payment of CAD 1.083157 million ($0.851826 million) and contingent consideration (earnout) of CAD 0.031034 million ($0.024406 million). The completion of the transaction remains subject to all regulatory and other approvals, including the approval of the TSX Venture Exchange.

Deveron Corp. (TSXV : FARM) completed the acquisition of Assets of Agri-Labs, Inc. for $1.2 million on July 6, 2022. Deveron Corp has made its initial milestone payment consisting of $0.42 million and 750,000 common shares in the capital of the Company at a deemed price of $0.61 per Common Share to Agri-Labs. The Common Shares are subject to contractual resale restrictions providing that the Common Shares may not be transferred except as follows: (i) as to 50% on the date which is four months and a day from the date of issuance; (ii) as to 25% on July 6, 2023; and (iii) as to 25% on July 6, 2024. Under the terms of the asset purchase agreement, Deveron Corp may be required to make one additional milestone payment in the event that the gross revenue attributable to the Agri-Labs business forthe period from March 10, 2022 to March 10,2023 exceeds the gross earnings before interest, taxes, depreciation and amortization of the prior twelve month period, then, Agri-Labs shall be entitled to receive an amount equal to twenty percent of the excess amount in cash, and such number of Common Shares that is equal to the EBITDA Earnout divided by the market price of the Common Shares on March 10, 2023.