Graph Blockchain Inc. (CNSX:GBLC) agreed to acquire New World Inc. on June 1, 2021. It is anticipated that Graph will pay CAD 7,000,000 for all of the issued and outstanding shares of New World through the issuance of Consideration Units. Each Consideration Unit will consist of one common share at a deemed price of CAD 0.13 and a common share purchase warrant. Each warrant will allow the holder to purchase an additional share in the capital of the Company for CAD 0.18 any time in the 24-month period following closing. In addition, New World can earn additional payments of up to CAD 13,000,000 also payable in Consideration Units based on achieving minimum net revenue of CAD 1,500,000 in 2021 with a minimum net profit percentage of 25% and net revenue of CAD 6,000,000 in 2022 with a minimum net profit percentage of 50%. Closing of the acquisition New World shares is subject to a number of conditions including the completion of satisfactory mutual due diligence as well as approval by the Canadian Securities Exchange. There can be no assurances that the acquisition will be completed. Graph Blockchain Inc. (CNSX:GBLC) completed the acquisition of New World Inc. for CAD 20.4 million on July 5, 2021.