Mr. Darren Peddle reports
GREENWAY ANNOUNCES SHARES FOR DEBT SETTLEMENT AGREEMENT
Greenway Greenhouse Cannabis Corp. has entered into a debt settlement agreement with Hybrid Financial Ltd., a marketing services provider, and pursuant thereto shall settle an aggregate debt of $305,100 through the issuance of 964,285 common shares at a deemed issuance price per share of 28 cents and a cash payment of $35,100.
The settlement shares will be issued in reliance on a prospectus exemption pursuant to securities legislation and will be subject to a four-month-plus-one-day statutory hold period. The issuance of the settlement shares in partial settlement of the debt remains subject to all necessary regulatory approvals, including final acceptance by the Canadian Securities Exchange.
About
Greenway Greenhouse Cannabis Corp.
Greenway Greenhouse Cannabis is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in Kingsville, Ont., and leverages its agriculture and cannabis expertise in its aspiration to be a leading cannabis cultivator in Canada.
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