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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events  
Subsequent Events

21. Subsequent Events

In October of 2022, the Company drew an additional $925,000 in net proceeds from the Delayed Draw Loans.

On October 13, 2022, Verano delivered notice to the Company purporting to terminate the Arrangement Agreement. The Company believes that Verano has no legal basis to terminate the Arrangement Agreement, and that Verano has committed various material breaches of the Arrangement Agreement. On October 21, 2022, the Company commenced an action in the Supreme Court of British Columbia against Verano, seeking damages for the wrongful termination. Verano’s repudiation of the Arrangement Agreement has been acknowledged by Goodness, and the Transaction will not proceed (Note 1).