Ventura Cannabis and Wellness Corp. (CNSX:VCAN) entered into a purchase agreement to acquire assets of Cannastar Brand from The Cannastar Brand for $4.5 million on May 8, 2019. The consideration consists of $1.3 million in cash and $0.268 million sock of VCAN. Assuming certain revenue milestones are met an additional $1.9 million in cash and $1 million in common stock over a one-year period will be issued. The transaction closing is subjected to regulatory approval and lease satisfaction Ventura Cannabis and Wellness Corp. (CNSX:VCAN) cancelled the acquisition of Cannastar Brand from The Cannastar Brand on May 8, 2020.