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Memorandum of Understanding with Sannabis
12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Memorandum of Understanding with Sannabis

16. MEMORANDUM OF UNDERSTANDING WITH SANNABIS

 

During 2019, the Company entered into a Memorandum of Understanding to acquire Sannabis S.A.S. and New Columbia Resources, Inc. This agreement gives the Company a First Right of Refusal to acquire both companies upon satisfaction of certain conditions. The conditions have not been met to date and the acquisitions have thus not been consummated. During the year ended December 31, 2019, the Company invested $58,660 in developing this agreement, of which $38,660 for operating expenses and $20,000 was to acquire equipment and supplies for use in this venture.