Unregistered Sale of Equity Securities.

On May 26, 2021 the Company issued 4,384,913 shares of its common stock, as well as warrants to purchase an additional 4,384,913 shares of its common stock, to Two Rivers Water and Farming Company in exchange for:

approximately 29% of the outstanding shares of GrowCo, Inc., and
membership interests in GrowCo Partners 1, LLC.

The warrants are exercisable at any time on or before September 30, 2022 at a price of $0.20 per share.

On July 12, 2021, the Company issued 91,072,971 shares of its common stock, as well as warrants to purchase as additional 10,249,375 shares of its common stock, to VitaNova Partners, LLC in payment of expenses (amounting to $9,108) paid by VitaNova Partners on behalf of the Company. The warrants are exercisable at any time on or before December 31, 2022 at a price of $0.20 per share.

The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection with issuance of the securities described above. The persons who acquired these securities were sophisticated investors and were provided full information regarding the Company's business and operations. There was no general solicitation in connection with the issuance of these securities. The persons who acquired these securities acquired them for their own accounts. The certificates representing the securities will bear a restricted legend providing that they cannot be sold except pursuant to an effective registration statement or an exemption from registration.

Attachments

  • Original document
  • Permalink

Disclaimer

Vetanova Inc. published this content on 16 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2021 10:04:54 UTC.