16. Subsequent Events

9 Months Ended

Sep. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

NOTE 16. SUBSEQUENT EVENTS

In October 2019, the Company received subscriptions from four accredited investors for $350,000 in the Company’s Unit Offering described in Note 14, above.

On October 2, 2019, the Company’s Chief Executive Officer extended a loan to the Company in the principal amount of $250,000, on an interest-free basis, due on demand.

On October 2, 2019, the Company entered into an amendment to the agreement with Sunniva wherein Sunniva has agreed to amend the purchase price to CAD $16.0 million in cash and CAD $4.0 million by way of the Company issuing a promissory note from the previous all-cash settlement of CAD $20.0 million. The Company paid Sunniva an incremental non-refundable deposit of $700,000 CAD, to be applied to the purchase price, as part of the amended terms and the closing date was extended to October 31, 2019. As of the date of this Report the Company is in discussions with Sunniva to extend the closing date to November 30, 2019.