Subsequent Events |
6 Months Ended |
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Jun. 30, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 16 – Subsequent Events
Common Stock Options Exercised
On July 26, 2021, a total of 60,000 shares of common stock were issued upon exercise on a cashless basis of options to purchase 125,000 shares of common stock at a price $0.13 per share.
Preferred Stock Sales
On July 12, 2021, the Company received proceeds of $499,995 from ISIAH International pursuant to the sale of 33,333 shares of Series B Preferred Stock at a price of $15.00 per share pursuant to the February 7, 2021 Purchase Agreement.
Equipment Purchase
In August 2021, the Company initiated the construction of a vertically integrated extraction facility designed to process the cannabis flower, and paid a $750,000 down payment on the $1,542,103 extraction facility. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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