C21 Investments Inc. (CNSX:CXXI) entered into a letter of intent to acquire Megawood Enterprises Inc. for $0.82 million on June 28, 2018. C21 Investments Inc. entered into a definitive agreement to acquire Megawood Enterprises Inc. on November 1, 2018. C21 Investments Inc. (CNSX:CXXI) completed the acquisition of Megawood Enterprises Inc. on January 23, 2019. As of January 23, 2019, C21 Investments Inc. acquired Megawood Enterprises Inc. for $0.79 million. The total amount of consideration includes total cash consideration of $0.38 million excluding $0.03 million working capital deficit due from the vendor, a second cash payment of $0.23 million payable on February 15, 2019 subsequent to closing and a a non-interest-bearing convertible promissory note for $0.17 maturing January 24, 2020 and convertible into common shares of C21 Investments Inc. at CAD 5.00/common share on or after October 24, 2019. Meghan Walstatter and Matt Walstatter, will continue to work with the C21 Investments Inc.'s team. As of February 28, 2020, C21 Investments Inc. acquired Megawood Enterprises Inc. for $0.72 million. C21 Investments restructured final payment which includes cash payment of $0.13 million and issuance of 95,849 common shares of C21 Investments.