CGB 7.14% 0.8¢ cann global limited

Response from CGB, page-175

  1. 40 Posts.
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    To all QBL / CGB Shareholders, there are a number of questions you may want to consider.

    1) Why are there 1,212,857,143 shares being paid to MCL?
    QBL already had (have) a controlling 55% interest in MCL. 
    Purchase of 55% was 49M shares (this was the purchase price). There was a further 50M performance bonus shares if MCL obtained a permit to grow cannabis varieties for medical research leading to product development.

    2) Medcan acquisition had an indicative completion date of 23rd October, 2018.

    3) Re-quotation (resumption of trade) on ASX - 30th October, 2018.

    https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01835802
 
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Currently unlisted public company.

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