v3.25.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Stockholders' Equity  
Schedule of shares to be issued

    

Shares

    

Amount

    

Description

 

80,000 shares of common stock to be issued as compensation to advisers and consultants. These were recorded at fair value of $52,000, based on the market price of the Company’s stock on the date of issue.

Services

115,000

$

73,000

35,000 to be issued as settlement of the amount due for website development services amounting to $247,306. The fair value of the shares on the date of settlement was $21,000, resulting in a gain on settlement amounting to $226,306 during the year ended December 31, 2017.

Private placements

 

346,296

$

18,787

 

Consideration for private placements with the fair value based on cash proceeds received. Proper allocation between common stock and additional paid-in capital of the amount received will be completed in the period when the shares are issued.

Settlement of loans of CannaKorp

 

930,240

$

80,838

 

Refer to Note 10 for details.

Agreement with Serious Seeds

 

249,984

2,814

 

As consideration for intellectual property rights granted by Smit. The fair value is based on the market price of the Company’s stock on the date of issue as per the agreement.

 

1,641,520

$

175,439

Schedule of fair value of the warrants

2025

As at

    

March 31, 2025

Forfeiture rate

0%

Stock price

$0.002

Exercise price

$0.350

Volatility

358%

Risk free interest rate

4.03%

Expected life (years)

0.01 to 1.43

Expected dividend rate

0%

2024

    

As at

    

As at

    

As at

    

As at

December 31,

September 30,

June 30, 

March 31, 

2024

2024

2024

2024

Forfeiture rate

 

0%

0%

0%

0%

Stock price

$0.001

$0.002

$0.003

$0.003

Exercise price

$0.300 to $0.350

$0.300 to $0.350

$0.300 to $0.350

$0.300 to $0.350

Volatility

358% to 438%

358% to 438%

358% to 438%

358% to 438%

Risk free interest rate

4.16%

3.98%

5.09%

5.03%

Expected life (years)

0.00 to 1.68

0.00 to 1.93

0.02 to 1.93

0.00 to 1.93

Expected dividend rate

0%

0%

0%

0%

2025

During quarter

ended

    

March 31, 2025

Forfeiture rate

0%

Stock price

$0.002 to $0.003

Exercise price

$0.350

Volatility

476%

Risk free interest rate

3.66% to 4.60%

Expected life (years)

2

Expected dividend rate

0%

Fair value of warrants

$0

2024

During quarter

During quarter

During quarter

During quarter

ended

ended

ended

ended

    

December 31, 2024

    

September 30, 2024

    

June 30, 2024

    

March 31, 2024

Forfeiture rate

 

0%

0%

0%

0%

Stock price

$0.002 to $0.003

$0.002 to $0.003

$0.003 to $0.005

$0.002 to $0.003

Exercise price

$0.350

$0.350

$0.350

$0.350

Volatility

476%

476%

461%

433%

Risk free interest rate

3.66% to 4.60%

3.66% to 4.60%

4.72% to 4.81%

4.39% to 4.55%

Expected life (years)

2

2

2

2

Expected dividend rate

0%

0%

0%

0%

Fair value of warrants

$0

$119

$173

$134

Remaining

Remaining

 

 

contractual life

contractual life

 

Warrants

 

Warrants

 

term as at

 

term as at

 

outstanding as at

 

outstanding as at

 

March 31,

 

December 31,

 

March 31,

 

December 31,

 

2025

 

2024

    

2025

    

2024

    

(years)

    

(years)

Serious Seeds

 

150,003

 

200,004

 

0.01 to 0.68

 

0.01 to 0.93

CLI

10,000,000

10,000,000

0.37

0.62

Total

 

10,150,003

 

10,200,004

 

 

Schedule of movement of the warrant liability

Warrant liability as at December 31, 2024

    

42

Warrant liability for new issuance

Change in fair value

(9)

Warrant liability as at March 31, 2025

33