Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Text Block]

18. Subsequent Events

The Company’s management has evaluated subsequent events up to the date the interim condensed consolidated financial statements were issued, pursuant to the requirements of ASC 855 and has determined the following to be material subsequent events:

(a)	Subsequent to March 31, 2019, the Company issued 1,000,000 common shares to the CEO in exchange for his 2018 RSUs determined to be valued at $330,000, based on private placement pricing at the time and expensed during the year ended December 31, 2018 and 80,000 common shares to four directors for their 2018 services, based on the closing trading price of the Company’s common shares immediately before issuance, a total of $39,200.
(b)	On April 24 ,2019, the Company received one of the Back-End Notes from the March 2019 Investors in the principal amount of $275,000. The proceeds received by the Company was $228,000, net of financing costs.
(c)	On May 2, 2019, the Company received a commitment in the form of a one year $1,346,940 ($1,800,000 CAD) mortgage, to finance the Company’s purchase of the shares of 1684567 Ontario Inc. The Company anticipates closing this transaction on May 17, 2019.  The assets of 1684567 Ontario Inc. include the property that the Company leases for its organic composting facility. Included under prepaid expenses and deposits in the interim condensed consolidated balance sheets, is a deposit of $14,966 ($20,000 CAD) the Company paid in connection with this commitment.