DEPOSITS

6 Months Ended

Jun. 30, 2021

Deposits

DEPOSITS

NOTE 3. DEPOSITS

As of June 30, 2021, and December 31, 2020, the Company had deposits of $80,680 and $0, respectively, which are included in Accounts Payable and Accrued Expenses. On June 8, 2020, the Company received a notice of termination of from Sunniva. The $1,308,830 deposit related to this potential Sunniva acquisition, which was not consummated, was non-refundable and was subsequently written off.

On January 6, 2021 the Company executed an Agreement of Purchase and Sale through its wholly owned subsidiary, Alternative Medical Solutions Inc. for the sale of lands and premises located at Hanover, Ontario, Canada. A description of the property is detailed in Note 1 of these financial statements. The purchase price is $2,000,000 CAD. As a result, and in anticipation of the closing, the Company has recorded an impairment of goodwill and fixed assets relating to the property of $7,962,694 at December 31, 2020. This property is the security for a $1,000,000 US Note with Koze Investments, LLC by way of a first-ranking charge. At closing, which occurred on July 9, 2021, the Note was retired in full with repayment of $1,000,000 principal plus accrued interest of $124,735 plus $475,265 in penalties and as such fully discharged. The Company has received a deposit of $80,680 towards the purchase of this property included in Accounts Payable and Accrued expenses at June 30, 2021.