Fire Cannabis Inc. signed a letter of intent to acquire 100% stake NWT Holdings LLC for $16 million on June 14, 2018. The company will pay as consideration $8 million in cash and will issue 6,958,933 common shares for $8 million. On August 23, 2018, the letter of intent was amended. Fire Cannabis Inc. entered into a unit and membership interest purchase agreement to acquire NWT Holdings LLC for $19.18 million on November 29, 2018. The consideration will be satisfied 50% in cash and 50% through the issuance of approximately 7,450,870 Common Shares issued at a deemed price of $1.50 per share, prior to certain purchase price adjustments. As on December 31, 2017 NWT Holdings LLC reported total revenue of $6.186544 million, total assets of $1.745584 and Net loss of $0.093593 million. The letter of intent is subject to due diligence and satisfactory financing. Fire Cannabis Inc. completed the acquisition of 100% stake NWT Holdings LLC for $21.19 million on January 22, 2019. The acquisition was closed with the payment of $8 million in cash and 7,087,464 Common Shares.