Alchemist Announces Letter of Intent to Obtain All Nations Cannabis Corporation

VANCOUVER , BC, CANADA, September two, 2020 /EINPresswire.com/ — September three, 2020

Vancouver, BC – Alchemist Mining Inc. (CSE:AMS.X) (“Alchemist” or the “Company”) is pleased to announce that it has entered a non-binding letter of intent (the “LOI”), dated August 31, 2020, for the acquisition (the “Transaction”) of All Nations Cannabis Corporation (“All Nations”), a corporation that is in the final stages of getting a Wellness Canada License for the cultivation and processing of cannabis and connected solutions. The transaction will consist of $20,000,000 of true estate on Very first Nations territory, such as (i) a constructed-out late stage 30,000 sqft cultivation facility (the “Facility”) sitting on 14 acres of leased land, and (ii) a additional six buildings on person parcels of leased house. The proposed consideration beneath the LOI will be the issuance of $20,000,000 worth of Alchemist typical shares, at a deemed cost of $.045…

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