Gaia Grow Corp. (CNSX:GAIA) entered into a definitive share purchase agreement to acquire Operational Cannabis Dispensary in Squamish, British Columbia from Frederick Pels and Marc Lowenstein for CAD 2.1 million on June 14, 2021. Pursuant to the terms of the Purchase Agreement, Gaia Grow intends to acquire all of the outstanding share capital of Regenco in consideration for 35,000,000 common shares (the “Consideration Shares”) of Gaia Grow to be issued to the existing shareholders of Regenco. In addition, Gaia Grow will be required to issue 3,500,000 common shares to an arms-length party in satisfaction of an obligation of Regenco to compensate a third-party who assisted with facilitating the acquisition. Completion of the acquisition remains subject to delivery of customary closing materials and applicable filings with the Canadian Securities Exchange.

Gaia Grow Corp. (CNSX:GAIA) completed the acquisition of Operational Cannabis Dispensary in Squamish, British Columbia on June 14, 2021.