Mojave Jane Brands Inc. (CNSX:JANE) has signed a binding Letter of Intent to acquire Pacific Crest 4 LLC for CAD 1.2 million on November 14, 2019. In consideration of the transaction, Mojave Jane will pay CAD 0.5 million in cash up front, as well as enter into a one-year, secured CAD 0.7 million convertible debenture note with the sellers. The note will carry a 10% per annum interest rate, payable monthly, with the principal convertible into Mojave Jane shares, priced at market on the day prior to the closing of the transaction. Mojave Jane is acquiring 100% of the members' interests in Pacific Crest 4 LLC ("Pacific Crest"), inclusive of its licenses, property lease, and all extraction equipment, as well as the operations of Pacific Crest, located in Adelanto, California The transaction is expected to close in late November / early December. As of December 31, 2019, the transaction is expected to close in January 2020. Mojave Jane Brands Inc. (CNSX:JANE) cancelled the acquisition of Pacific Crest 4 LLC on November 14, 2020.