Graph Blockchain Inc. (CNSX:GBLC) signed a letter of intent to acquire Shroom Street Limited for CAD 1 million on November 20, 2019. The consideration will be paid through issuance of shares. Eric Swenson, Nikolai Vassev and Jeremy Hoffman will report to Shroom Street’s Chief Executive Officer, Jeremy Prinsen. The transaction is subject to the Graph Blockchain and Shroom entering into a definitive agreement, receipt of regulatory approval, the approval of the shareholders of Shroom and customary closing conditions. The transaction is expected to complete on or around December 31, 2019. A finder’s fee of 10% of the transaction is payable in shares on closing. Graph Blockchain Inc. (CNSX:GBLC) cancelled the acquisition of Shroom Street Limited on November 20, 2020.