Andina Gold Corp. (OTCPK:AGOL) entered into an asset purchase agreement to acquire All Assets of CryoCann USA Corporation from CryoCann USA Corporation for $5.5 million on June 22, 2021. Andina Gold Corp. (OTCPK:AGOL) entered into a non-binding letter of agreement to acquire All Assets of CryoCann USA Corporation from CryoCann USA Corporation for $6.9 million on February 25, 2021. The new consideration would be $3.5 million in cash and 10 million shares of common stock of Andina Gold. Concurrently with the signing of the asset purchase agreement, two CryoCann principals, Steve Cimini and Matt Armstrong joined the company as Director of Sales and Director of Innovation, respectively. The Transaction consideration consists of $4,500,000 in cash at Closing to be paid by the Company to CryoCann and to be distributed among CryoCann shareholders as such shareholders will agree among themselves; $2,000,000 in initial working capital to be made available by the Company on a rolling/as needed basis to the Company division that will manage the Assets; 12,000,000 restricted shares of common stock of the Company to be provided to CryoCann shareholders to be distributed among CryoCann shareholders as such shareholders will agree among themselves and the execution of the employment and earn-out agreement. The proposed transaction remains subject to completion of a due diligence review by the Company, the Company’s Board of Directors approval of the Proposed Transaction, the Company’s ability to secure financing for the Proposed Transaction and the negotiation and execution of definitive agreements. Upon closing of the Proposed Transaction and as a condition precedent to closing, two employees and shareholders of CryoCann will enter into employment and earn-out agreements for a minimum of three years. As of June 28, 2021, the due diligence of the transaction was completed and Andina Gold signed the agreement. Andina Gold Corp. (OTCPK:AGOL) completed the acquisition of All Assets of CryoCann USA Corporation from CryoCann USA Corporation for $4.2 million on June 23, 2021. $1 million in cash and 10,000,000 shares of Andina Gold Corp were paid at closing and a promissory note was issued for $1.3 million payable by Andina Gold Corp. to Cryocann on October 15, 2021.