Canbud Distribution Corporation (CNSX:CBDX) entered into an agreement to acquire 2688453 Ontario Ltd. for CAD 1.4 million on December 4, 2020. Pursuant to the agreement, Canbud will acquire 100 per cent of the issued and outstanding shares in the capital of 2688453 Ontario Ltd. in exchange for 7.6 million common shares in the capital of the Canbud at a deemed price per share equal to 19.5 cents. This is an arm's-length transaction and a finder's fee of 760,000 common shares is being paid. The closing of the acquisition is subject to customary terms, conditions, and regulatory approval. Canbud Distribution Corporation (CNSX:CBDX) cancelled the acquisition of 2688453 Ontario Ltd. on October 6, 2021. In furtherance of the agreement, Canbud issued 1,520,000 shares (representing 20% of the consideration shares) on January 5, 2021. Canbud and 2688453 Ontario Ltd. have agreed to a mutual termination of the 'agreement' entered into on December 4, 2020, whereby Canbud has agreed to issue 3,040,000 common shares to cancel the agreement. The shares to be issued as part of the termination agreement will remain in escrow and released in 3 different tranches during 2022.