Gold Party Payday Inc. entered into an acquisition agreement to acquire 45% stake in Growlite Canada Inc. from Silvio Serrano for CAD 4 million on March 31, 2014. Gold Party paid CAD 1 million in cash on February 28, 2014 and CAD 3 million in the form of a loan on March 31, 2014.

Gold Party Payday Inc. completed the acquisition of 45% stake in Growlite Canada Inc. from Silvio Serrano on March 31, 2014.