Gaia Grow Corp. (TSXV:GAIA) entered into an agreement to acquire Three Pre-License Retail Cannabis Stores in British Columbia from Blackhawk Resource Corp. (CNSX:BLR) for CAD 1.2 million on February 27, 2020. Under the terms of the agreement Gaia will acquire all of the issued and outstanding share capital of 1202465 B.C. Ltd. (“Nelson Store”) and Patriot Cannabis Brands Inc. (“Powell River Stores”). The purchase price comprises the issuance of 30 million of common shares in the capital at a deemed price per common share of CAD 0.05. Upon the issuance of the 30,000,000 shares, Blackhawk will hold representing approximately 12.9% of the issued and outstanding shares and will become a new insider of Gaia. The Nelson Store currently has an Approval in Principle (AIP) issued by the Liquor & Cannabis Regulation Branch of British Columbia to operate a cannabis retail store, while the Powell River Stores both have applications in process to operate licensed cannabis dispensaries at the premises. The transaction is subject to due diligence, analysis and other customary examinations related to the financial position of the Retail Cannabis Stores and the common shares of Gaia having been conditionally accepted for listing on the Canadian Securities Exchange and having been delisted from the TSX Venture Exchange and has been approved by the independent directors of each of Gaia, and Blackhawk. As on April 8, 2020, conditional acceptance for the listing of Gaia Grow's common shares on the Canadian Securities Exchange has been received and the acquisition is now expected to complete immediately following the listing on Canadian Securities Exchange.

Gaia Grow Corp. (TSXV:GAIA) completed the acquisition of Three Pre-License Retail Cannabis Stores in British Columbia from Blackhawk Resource Corp. (CNSX:BLR) on April 21, 2020.