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Lifeist Wellness Sells Certain Intellectual Property To Spinach Pay, Boosts U.S. Cannabis Fintech Concept

Lifeist Wellness Sells Certain Intellectual Property To Spinach Pay, Boosts U.S. Cannabis Fintech Concept

Lifeist Wellness 向 Spinack Pay 出售某些知識產權,推動美國大麻金融科技概念
Benzinga Real-time News ·  2021/11/26 23:26

Lifeist Wellness Inc. (TSXV:LFST) (FRANKFURT: M5BQ) (OTCQB:NXTTF), previously known as Namaste Technologies Inc., announced Thursday that it has entered into a definitive agreement and completed the sale of certain intellectual property assets to Spinach Pay Inc., a privately owned fintech company that provides customer-payment solutions for the U.S. market.

Lifeist Wellness Inc.(多倫多證券交易所股票代碼:LFST)(法蘭克福股票代碼:M5BQ)(OTCQB: NXTTF),前身爲Namaste Technologies Inc.,週四宣佈,它已簽訂最終協議,並完成了向爲美國市場提供客戶支付解決方案的私營金融科技公司Spinach Pay Inc. 的某些知識產權資產的出售。

The Deal Details

交易詳情

Under the terms of the agreement and completion of the transaction, Spinach Pay delivered a certificate to Lifeist representing an unsecured redeemable convertible debenture in the amount of CA$525,000 (&414,808) representing the aggregate purchase price for the assets.

根據協議條款和交易的完成,Spinach Pay向Lifeist交付了一份證書,該證書代表了一張無抵押的可贖回可轉換債券,金額爲525,000加元(和414,808美元),代表資產的總購買價格。

The assets comprise certain intellectual property of Lifeist used in connection with a cannabis payments software concept for future deployment within the U.S. cannabis industry.

這些資產包括Lifeist的某些知識產權,該知識產權與大麻支付軟件概念有關,以備將來在美國大麻行業中部署。

The convertible debenture is interest-free and matures on the third anniversary of the date of issuance.

可轉換債券是免息的,在發行之日起三週年到期。

In addition, Lifeist has the right, at its option at any time beginning on the business day immediately following the later of (i) the federal legalization of cannabis in the U.S. and the completion of an equity financing of at least $10 million by Spinach Pay, but prior to the close of business on the business day prior to the maturity date, to convert, in whole or in part, the principal amount into fully paid and non-assessable common shares in the capital of Spinach Pay.

此外,Lifeist有權在 (i) 美國聯邦政府將大麻合法化以及Spinach Pay完成至少1,000萬美元的股權融資,但在到期日前一個工作日營業結束之前,從緊接下來的一個工作日開始,Lifeist有權隨時選擇將本金全部或部分轉換爲資本中已全額支付且不可評稅的普通股菠菜支付。

The Toronto-based company said that all proceeds of the transaction would be for the benefit of Lifeist shareholders.

這家總部位於多倫多的公司表示,該交易的所有收益將用於Lifeist股東的利益。

Meni Morim, Lifeist'S CEO, explained that by disposing the assets into a convertible debenture, it "continues to breathe life into the concept and expands our portfolio of wellness assets, allowing us to potentially play a role as a technology enabler within the rapidly growing U.S. cannabis market."

Lifeist首席執行官梅尼·莫里姆解釋說,通過將資產出售爲可轉換債券,它 “繼續爲這一概念注入活力,擴大我們的健康資產組合,使我們有可能在快速增長的美國大麻市場中發揮技術推動者的作用。”

Morim added, "As a TSXV listed company, we cannot generate any revenue in the U.S. that is related to cannabis or have direct holdings in companies that do so."

莫里姆補充說:“作爲一家多倫多證券交易所上市公司,我們無法在美國創造任何與大麻相關的收入,也無法直接持有與大麻相關的公司。”

Recent News

最近的新聞

  • Cannabis Movers & Shakers: Verano, Flora Growth, Lifeist, Fyllo, cbdMD
  • Lifeist Wellness' CannMart Labs Kicks Off Commercialization Of House Brands
  • Lifeist Wellness Stock Down On Announcing Earnings Estimates For Q3 2021
  • Namaste Technologies Rebrands To Lifeist Wellness, Expands UK Product Offering
  • Cannabis Movers & Shakers:Verano、Flora Growth、Lifeist、Fyllo、cbdMD
  • Lifeist Wellness 的 CannMart Labs 拉開了自有品牌商業化的序幕
  • Lifeist Wellness 股票在公佈 2021 年第三季度收益預期後下跌
  • Namaste Technologies更名爲Lifeist Wellness,擴大英國產品供

NXTTF Price Action

NXTTF 價格走勢

Lifeist Wellness' shares traded 6.33% higher at $0.0638 per share at the time of writing Friday morning.

在週五上午撰寫本文時,Lifeist Wellness的股價上漲6.33%,至每股0.0638美元。

Photo: Courtesy of Scott Graham on Unsplash

照片:由 Unsplash 上的斯科特·格雷厄姆提供

譯文內容由第三人軟體翻譯。


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