Innovative Properties Inc. (CNSX:NAB) entered into binding term sheet to acquire Organica Patient Group Inc. and RDF Management Group for $14 million on January 29, 2019. Under the terms of agreement, Innovative Properties will pay $11 million in cash and $3 million of common shares of Innovative Properties for an aggregate purchase price of $14 million and The Innovative Properties Shares will be issuable upon closing of the investment. A finder’s fee will be payable in regards to this investment to an unrelated third party. As of January 29, 2019, Organica Patient Group had gross revenue of $7 million, net earnings of $2.5 million for the year ending December 31, 2018. The transaction is subject to definitive documentation, including satisfactory due diligence, the receipt of all regulatory approvals by various local and state authorities and other customary closing conditions including approval from the Canadian Securities Exchange. The transaction is expected to close in March 2019.