LGC Capital Closes Investment Into Quebec-Based Future Medicinal Cannabis Grower AAA Trichomes

MONTREAL , Jan. 8, 2018 /CNW Telbec/ - LGC Capital Ltd. (LG.V) ("LGC") is pleased to announce that it has successfully finalized the transaction with Québec-based Tricho-Med Corporation (doing business as "AAA Trichomes"). As reported in prior news releases, LGC entered into a four-year secured convertible loan agreement with AAA Trichomes in an amount of $4 million CDN (the "Loan"), which will be disbursed in accordance with a pre-agreed milestone disbursement schedule. Upon AAA Trichomes obtaining a license to produce medical cannabis from the relevant regulatory authorities, the Loan will convert into common shares of AAA Trichomes representing 49% of AAA's then-issued and outstanding shares. LGC will also receive a 5% royalty on AAA Trichomes' net sales.

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