CROWN BAUS CAPITAL CORP. (OTCMKTS:CBCA) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On March 1, 2018, Crown Baus Capital Corp. (the “Company”) entered into a Share Purchase Agreement (the “Agreement”) with Carmen Dupetit and Alfredo Dupetit (collectively the “Sellers”), who are the owners of the Cannabia International Trademark (the “Trademark”).
Cannabia has been brewed since 1996, it is known as 1st beverage containing hemp. Since 1996 there has been over 3 million bottles of Cannabia sold, always the same EU organic certified quality. Family owned and operated company that has never stopped production since inception. Cannabia is currently being exported to France, Spain, Japan, GB, Greece, Barbados, and sold in Germany, under the Cannabia Brand TM.
The Agreement provides for the purchase of all the Sellers rights, assets, technology, intellectual property, trademarks, titles and interest in the Trademark in exchange for the payment of $2 million cash within 12 months and the issuance of 5 million restricted common shares to the Sellers. The cash portion will be discounted by $1 million if paid within 3 months from the date of the Agreement or by $500,000 if paid within 6 months of the date of the agreement. The Closing Date of the Agreement is May 1, 2018.
About CROWN BAUS CAPITAL CORP. (OTCMKTS:CBCA)
Crown Baus Capital Corporation is a global acquisition-based conglomerate targeting five primary industries: high-tech incubation, drug development, entertainment and media, education, and financial services. The Company specializes in the vertical integration of industrial, commercial and retail profit centers along with partnerships and start-ups. The Drug Development Division focuses on horticulture, laboratories, manufacturing, distribution, patient education and tracking. The Company focuses on global markets and participates in both national and state markets. The High-Tech Incubation Division is a resource for improving the technology business from the incubation stage, consulting and expanding the business. The Entertainment and Media Division focuses on providing resources for motion pictures, Web movies, and television. The Financial Services Division is focused on five points: process, economics, earnings, management and execution. CROWN BAUS CAPITAL CORP. (OTCMKTS:CBCA) Recent Trading Information
CROWN BAUS CAPITAL CORP. (OTCMKTS:CBCA) closed its last trading session down -0.03 at 2.52 with shares trading hands.