Cannabis Wheaton Income Corp. (TSXV:CBW) entered into a binding interim agreement to acquire 80% stake in Inverell S.A. for $12.5 million on January 30, 2018. On April 10, 2018, CBW entered into a definitive agreement with Inverell S.A to purchase 80% of the issued and outstanding common shares of Inverell on a fully diluted basis. Pursuant to the agreement, Cannabis will be pay $2 million in cash and issue 1.56 million common stock at closing followed by 4.14 million common stock upon the achievement of certain milestones. In connection with the transaction, Cannabis Wheaton will extend to Inverell up to an additional $5 million by way of a secured loan repayable through cash flows generated by Inverell’s cultivation operations. As on January 4, 2019, the consideration was corrected to 7.03 million shares issued to Inverell S.A. Raul Urbina, Founder of Inverell, will remain as Chief Executive Officer of Inverell and leader of the Innovation Department of the company. The transaction remains subject to certain conditions precedent including receipt of applicable regulatory approvals and the execution of a definitive agreement. As of November 1, 2018, the transaction is approved by Secretaría Nacional para la Lucha contra el Lavado de Activos y el Financiamiento del Terrorismo (SENACLAFT). However, the transaction remains subject to approval from TSX Venture Exchange. Auxly Cannabis Group Inc. (TSXV:XLY) completed the acquisition of 80% stake in Inverell S.A. for $6.5 million on January 9, 2019. Auxly will issue 1.9 million shares on closing, and 5.1 million shares on the achievement of certain milestones following closing,