Global Wellness Strategies Inc. (CNSX:LOAN) signed a binding letter of intent to acquire Shanti Therapeutics Pty Ltd from Cannvalate Pty Ltd for CAD 2.5 million on July 12, 2021. As per the transaction, an initial CAD 0.3 million in restricted common shares of Global Wellness Strategies Inc. will be issued to Cannvalate Pty Ltd. Global Wellness Strategies Inc. (CNSX:LOAN) signed a definitive agreement to acquire Shanti Therapeutics Pty Ltd from Cannvalate Pty Ltd for CAD 5 million on August 9, 2021. The purchase price of CAD 2.5 million will be consummated in restricted shares of Global Wellness Strategies Inc. common stock in four (4) installments tendered over an eight month period; representing 100% of the assets of Shanti Therapeutics Pty Ltd. There is an additional contingent consideration of CAD 2.5 million to Shanti based on the performance of their assets and specific milestones must be met. The final valuation will be determined during the due diligence period and approved by the board of Global Wellness Strategies Inc. and Cannvalate Pty Ltd. Cannvalate Pty Ltd shall appoint one director to the Global Wellness Strategies Inc. board upon the completion of the transaction. Peak Asset Management acted as a financial advisor for Global Wellness Strategies Inc. and Cannvalate PTY LTD in the transaction. Global Wellness Strategies Inc. (CNSX:GWS) completed the acquisition of Shanti Therapeutics Pty Ltd from Cannvalate PTY LTD on November 9, 2021.