INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Details Narrative) - $ / shares |
1 Months Ended | |
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Mar. 30, 2020 |
Aug. 28, 2018 |
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Securities Purchase Agreement [Member] | Edible Garden Inc. [Member] | ||
Consideration received under agreement, description | The consideration paid for the assets included two option agreements to purchase up to a 20% interest in the Purchaser for a nominal fee. The first option gives the Company the right to purchase a 10% interest in the Purchaser for one dollar at any time between the one and five-year anniversary of the transaction, or at any time should a change in control event or public offering occur. The second option gives the Company the right to purchase an additional 10% interest in the Purchaser for one dollar at any point prior to the five-year anniversary of the transaction. | |
Subscription Agreement [Member] | Hydrofarm [Member] | ||
Common stock purchase description | Hydrofarm Holdings Group, Inc. (“Hydrofarm”), one of the leading independent providers of hydroponic products in North America, pursuant to which the Company agreed to purchase from Hydrofarm and Hydrofarm agreed to sell to the Company 2,000,000 Units, each Unit consisting of one share of common stock and one warrant to purchase one-half of a share of common stock for an initial exercise price of $5.00 per share, for $2.50 per unit for an aggregate purchase price of $5.00 million. | |
Initial exercise price | $ 5.00 |
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- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
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