AgriCann Solutions has given notice in accordance with the terms of its Letter of Intent and Convertible Loan Agreement with Craft Nurseries Canada (CNC), whereby it is:
- Exercising its rights to convert $600,000 principal and $28,099 accrued interest due from CNC into 6,280,986 Class "A" Voting Common Shares of CNC effective June 4, 2021, representing a 28.39% interest in CNC;
- Exercising its option to acquire 5,000,000 Class "A" Voting Common Shares of CNC from an existing CNC shareholder for $500,000, representing 22.60% of CNC;
Initiating its call option under which Mr. Mel Harold Farrell, CEO of CNC committed to: It is expected that upon conclusion of the above steps, CNC will become a wholly owned subsidiary of ASC, be enabled to commence commercial operations, and commence a significant operational expansion.
For more information: 
Craft Nurseries Canada
11187 Bottom Wood Lake Road, Lake Country, British Columbia V4V, Canada
craftnurseries.com