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Corona, California, January 25, 2022 /PRNewswire/ – Ikänik Farms, Inc. (CSE:IKNK) (FSE: DFMA) (“company” or”Ikanic Farm“) is pleased to announce that the Company’s wholly owned subsidiary Firehouse Holdings Inc. (“fire station“) Amendments signed (“Amendment“) signed loan agreement October 12, 2021 Firehouse and the current shareholders of the Company (“lender“) which, among other things, expands $750,000 Debt Financing(“loan“) arrive February 28, 2022, with an option to extend thirty (30) days in exchange for the issuance of 500 Series A Purchase Warrants to the Lender (each, “ensure“), and other additional fees. Each warrant may be exercised to obtain one (1) Series A Multiple Voting Share (“Series A Stocks“) with strike price equal to $8.00 per share for two years, starting from January 25, 2022. Each Series A share is convertible into 100 voting subordinate shares of the Company.
The full story is available on Benzinga.com
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