“…On April 1, 2015 GPO entered into a 15 year sub-lease near Aurora, Oregon for a 96 acre property to build out GLH’s cultivation and grow activities (the “Aurora Property”). This sublease was terminated on June 30, 2015, however, an option to purchase the property was acquired by GLH in consideration for 200,000 warrants exercisable at US $1.00 for a period for three years and 200,000 warrants exercisable at US$5.00 for a period of three years. The option to acquire the property was assigned to GLH’s wholly owned subsidiary, Greenpoint Real Estate, LLC and was exercised on September 28, 2015. The Aurora Property was acquired for a purchase price of US $3.3 million and was financed by (a) US $100,000 in cash from GLH; (b) US $1.5 million secured 9% promissory note, maturing on September 14, 2017; (b) US $1.7 million in 12% convertible debentures, convertible at US $1.00 and maturing on September 17, 2017…”

“…GLH plans on moving its head office to the Aurora Property and all processing facilities and cultivation will ultimately migrate to the new site. A project is under development to refurbish and expand the existing greenhouse facilities on this site. In the initial phase, 29,000 square feet will be developed for breeding, 18,000 square feet will be developed for cloning and 29,000 square feet has been developed for commercial production. In December 2015, it is anticipated that a further 108,000 square feet will be developed for commercial production subject to regulatory administrative approval…”