ATW Tech Inc. (TSXV:ATW) signed a letter of intent to acquire 6855318 Canada Ltd. and 6890202 Canada Ltd. from Fastrack Trust for CAD 3 million on November 6, 2018. The transaction is subject to certain adjustments. Total consideration consists of CAD 2 million in cash, promissory note of CAD 0.3 million payable in 30 equal monthly installments and CAD 0.65 million worth of common shares. On December 31, 2017, Greywolf’s revenues were CAD 10 million and total assets of CAD 2.5 million. The closing of this transaction between ATW Tech and Greywolf, which are dealing at arm’s length, is conditional among other things on ATW Tech carrying out a satisfactory due diligence on Greywolf, obtaining satisfactory financing and all necessary regulatory approvals. The transaction is expected to close before the end of 2018. ATW Tech Inc. (TSXV:ATW) cancelled the acquisition of 6855318 Canada Ltd. and 6890202 Canada Ltd. from Fastrack Trust on March 12, 2020.