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C21 Investments Inc. – ‘20-F’ for 1/31/20 – ‘EX-2.1’

On:  Tuesday, 7/14/20, at 5:12pm ET   ·   For:  1/31/20   ·   Accession #:  1062993-20-3303   ·   File #:  0-55982

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/14/20  C21 Investments Inc.              20-F        1/31/20  152:25M                                    Newsfile Corp/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer --   HTML    462K 
                form20f                                                          
 2: EX-1.1      Underwriting Agreement -- exhibit1-1                HTML    170K 
 3: EX-1.2      Underwriting Agreement -- exhibit1-2                HTML     38K 
 4: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML     42K 
                Liquidation or Succession -- exhibit2-1                          
 5: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    101K 
                -- exhibit4-1                                                    
 6: EX-4.2      Instrument Defining the Rights of Security Holders  HTML     76K 
                -- exhibit4-2                                                    
 7: EX-4.3      Instrument Defining the Rights of Security Holders  HTML    280K 
                -- exhibit4-3                                                    
 8: EX-4.4      Instrument Defining the Rights of Security Holders  HTML    387K 
                -- exhibit4-4                                                    
 9: EX-4.5      Instrument Defining the Rights of Security Holders  HTML     40K 
                -- exhibit4-5                                                    
10: EX-8.1      Opinion of Counsel re: Tax Matters -- exhibit8-1    HTML     45K 
13: EX-13.1     Annual or Quarterly Report to Security Holders --   HTML     39K 
                exhibit13-1                                                      
14: EX-13.2     Annual or Quarterly Report to Security Holders --   HTML     39K 
                exhibit13-2                                                      
16: EX-99.2     Miscellaneous Exhibit -- exhibit99-2                HTML    429K 
11: EX-12.1     Statement re: Computation of Ratios -- exhibit12-1  HTML     42K 
12: EX-12.2     Statement re: Computation of Ratios -- exhibit12-2  HTML     42K 
15: EX-15.1     Letter re: Unaudited Interim Financial Info --      HTML    296K 
                exhibit15-1                                                      
23: R1          Document and Entity Information                     HTML     76K 
24: R2          Consolidated Statements of Financial Position       HTML    130K 
25: R3          Consolidated Statements of Loss and Comprehensive   HTML    119K 
                Loss                                                             
26: R4          Consolidated Statements of Changes in               HTML    146K 
                Shareholders' Equity (Deficiency)                                
27: R5          Consolidated Statements of Cash Flows               HTML    145K 
28: R6          Nature of Operations and Going Concern              HTML     50K 
29: R7          Significant Accounting Policies and Basis of        HTML    125K 
                Preparation                                                      
30: R8          Acquisition of Phantom Farms                        HTML     77K 
31: R9          Acquisition of Swell Companies                      HTML     64K 
32: R10         Acquisition of Silver State                         HTML     58K 
33: R11         Acquisition of Megawood Enterprises                 HTML     57K 
34: R12         Acquisition of Eco Firma Farms                      HTML     58K 
35: R13         Restricted Cash                                     HTML     41K 
36: R14         Receivables                                         HTML     50K 
37: R15         Biological Assets                                   HTML     66K 
38: R16         Inventory                                           HTML     52K 
39: R17         Notes Receivable and Deposits                       HTML     57K 
40: R18         Property and Equipment                              HTML    109K 
41: R19         Intangible Assets and Goodwill                      HTML    123K 
42: R20         Accounts Payable and Accrued Liabilities            HTML     50K 
43: R21         LEASE LIABILITIES and right-of-use assets           HTML     77K 
44: R22         Long term debt                                      HTML     56K 
45: R23         Convertible Debentures and Promissory Notes         HTML    153K 
46: R24         Reclamation Obligation                              HTML     42K 
47: R25         Share Capital and Reserves                          HTML    219K 
48: R26         Derivative Liability                                HTML     65K 
49: R27         Segmented Information                               HTML     80K 
50: R28         Supplemental disclosure with respect to cash flows  HTML     49K 
51: R29         Commitments                                         HTML     55K 
52: R30         Consideration payable                               HTML     48K 
53: R31         Financial Risk Management                           HTML     72K 
54: R32         General and Administrative Expense                  HTML     65K 
55: R33         Taxation                                            HTML    111K 
56: R34         Related Party Transactions                          HTML     67K 
57: R35         Transaction costs                                   HTML     45K 
58: R36         Contingencies                                       HTML     45K 
59: R37         Subsequent Events                                   HTML     44K 
60: R38         Significant Accounting Policies and Basis of        HTML    168K 
                Preparation (Policies)                                           
61: R39         Significant Accounting Policies and Basis of        HTML     68K 
                Preparation (Tables)                                             
62: R40         Acquisition of Phantom Farms (Tables)               HTML     73K 
63: R41         Acquisition of Swell Companies (Tables)             HTML     59K 
64: R42         Acquisition of Silver State (Tables)                HTML     56K 
65: R43         Acquisition of Megawood Enterprises (Tables)        HTML     55K 
66: R44         Acquisition of Eco Firma Farms (Tables)             HTML     55K 
67: R45         Receivables (Tables)                                HTML     49K 
68: R46         Biological Assets (Tables)                          HTML     65K 
69: R47         Inventory (Tables)                                  HTML     50K 
70: R48         Notes Receivable and Deposits (Tables)              HTML     51K 
71: R49         Property and Equipment (Tables)                     HTML    108K 
72: R50         Intangible Assets and Goodwill (Tables)             HTML    123K 
73: R51         Accounts Payable and Accrued Liabilities (Tables)   HTML     50K 
74: R52         LEASE LIABILITIES and right-of-use assets (Tables)  HTML     79K 
75: R53         Long term debt (Tables)                             HTML     56K 
76: R54         Convertible Debentures and Promissory Notes         HTML    141K 
                (Tables)                                                         
77: R55         Share Capital and Reserves (Tables)                 HTML    215K 
78: R56         Derivative Liability (Tables)                       HTML     65K 
79: R57         Segmented Information (Tables)                      HTML     79K 
80: R58         Commitments (Tables)                                HTML     54K 
81: R59         Consideration payable (Tables)                      HTML     48K 
82: R60         Financial Risk Management (Tables)                  HTML     64K 
83: R61         General and Administrative Expense (Tables)         HTML     65K 
84: R62         Taxation (Tables)                                   HTML    113K 
85: R63         Related Party Transactions (Tables)                 HTML     63K 
86: R64         Transaction costs (Tables)                          HTML     45K 
87: R65         Nature of Operations and Going Concern (Narrative)  HTML     48K 
                (Details)                                                        
88: R66         Significant Accounting Policies and Basis of        HTML     55K 
                Preparation (Narrative) (Details)                                
89: R67         Acquisition of Phantom Farms (Narrative) (Details)  HTML     66K 
90: R68         Acquisition of Swell Companies (Narrative)          HTML     99K 
                (Details)                                                        
91: R69         Acquisition of Silver State (Narrative) (Details)   HTML     57K 
92: R70         Acquisition of Megawood Enterprises (Narrative)     HTML     52K 
                (Details)                                                        
93: R71         Acquisition of Eco Firma Farms (Narrative)          HTML     70K 
                (Details)                                                        
94: R72         Receivables (Narrative) (Details)                   HTML     41K 
95: R73         Biological Assets (Narrative) (Details)             HTML     43K 
96: R74         Inventory (Narrative) (Details)                     HTML     45K 
97: R75         Notes Receivable and Deposits (Narrative)           HTML     59K 
                (Details)                                                        
98: R76         Property and Equipment (Narrative) (Details)        HTML     43K 
99: R77         Intangible Assets and Goodwill (Narrative)          HTML     50K 
                (Details)                                                        
100: R78         LEASE LIABILITIES and right-of-use assets           HTML     50K  
                (Narrative) (Details)                                            
101: R79         Convertible Debentures and Promissory Notes         HTML    190K  
                (Narrative) (Details)                                            
102: R80         Share Capital and Reserves (Narrative) (Details)    HTML    264K  
103: R81         Derivative Liability (Narrative) (Details)          HTML     45K  
104: R82         Supplemental disclosure with respect to cash flows  HTML     88K  
                (Narrative) (Details)                                            
105: R83         Financial Risk Management (Narrative) (Details)     HTML     43K  
106: R84         Related Party Transactions (Narrative) (Details)    HTML     94K  
107: R85         Contingencies (Narrative) (Details)                 HTML     42K  
108: R86         Subsequent Events - (Narrative) (Details)           HTML     63K  
109: R87         SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF        HTML     94K  
                PREPARATION - Schedule of wholly owned                           
                subsidiaries (Details)                                           
110: R88         SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF        HTML     52K  
                PREPARATION - Schedule of useful life of property                
                and equipment (Details)                                          
111: R89         Acquisition of Phantom Farms - Schedule of          HTML     87K  
                purchase price and allocation - Phantom Farms                    
                (Details)                                                        
112: R90         Acquisition of Swell Companies - Schedule of        HTML     88K  
                purchase price and allocation - Swell Companies                  
                (Details)                                                        
113: R91         ACQUISITION OF SILVER STATE - Schedule of purchase  HTML     81K  
                price and allocation - SILVER STATE (Details)                    
114: R92         ACQUISITION OF MEGAWOOD ENTERPRISES - Schedule of   HTML     79K  
                purchase price and allocation - MEGAWOOD                         
                ENTERPRISES (Details)                                            
115: R93         ACQUISITION OF ECO FIRMA FARMS - Schedule of        HTML     80K  
                purchase price and allocation - ECO FIRMA FARMS                  
                (Details)                                                        
116: R94         RECEIVABLES - Schedule of receivables (Details)     HTML     48K  
117: R95         BIOLOGICAL ASSETS - Schedule of biological assets   HTML     51K  
                (Details)                                                        
118: R96         BIOLOGICAL ASSETS - Schedule of unobservable        HTML     59K  
                inputs, biological assets (Details)                              
119: R97         INVENTORY - Schedule of inventories (Details)       HTML     46K  
120: R98         NOTES RECEIVABLE AND DEPOSITS - Schedule of note    HTML     49K  
                receivable and deposits (Details)                                
121: R99         PROPERTY AND EQUIPMENT - Schedule of property and   HTML    101K  
                equipment (Details)                                              
122: R100        INTANGIBLE ASSETS AND GOODWILL - Schedule of        HTML     81K  
                intangible assets (Details)                                      
123: R101        INTANGIBLE ASSETS AND GOODWILL - Schedule of        HTML     63K  
                goodwill (Details)                                               
124: R102        ACCOUNTS PAYABLE AND ACCRUED LIABILITIES -          HTML     48K  
                Schedule of accounts payable and accrued                         
                liabilities (Details)                                            
125: R103        LEASE LIABILITIES and right-of-use assets -         HTML     61K  
                Schedule of lease as defined by IFRS 16 (Details)                
126: R104        LEASE LIABILITIES and right-of-use assets -         HTML     60K  
                Schedule of financial statement effects concerning               
                lease liabilities (Details)                                      
127: R105        LEASE LIABILITIES and right-of-use assets -         HTML     55K  
                Schedule of financial statement effects concerning               
                right-of-use assets (Details)                                    
128: R106        Long term debt (Details)                            HTML     56K  
129: R107        CONVERTIBLE DEBENTURES AND PROMISSORY NOTES -       HTML     79K  
                Schedule of convertible debentures (Details)                     
130: R108        CONVERTIBLE DEBENTURES AND PROMISSORY NOTES -       HTML     75K  
                Schedule of convertible promissory notes (Details)               
131: R109        CONVERTIBLE DEBENTURES AND PROMISSORY NOTES -       HTML     56K  
                Schedule of promissory notes (Details)                           
132: R110        SHARE CAPITAL AND RESERVES - Schedule of share      HTML    147K  
                capital (Details)                                                
133: R111        SHARE CAPITAL AND RESERVES - Schedule of warrant    HTML     63K  
                activity (Details)                                               
134: R112        SHARE CAPITAL AND RESERVES - Schedule of warrants   HTML     53K  
                outstanding and exercisable (Details)                            
135: R113        SHARE CAPITAL AND RESERVES - Schedule of stock      HTML     63K  
                option activity (Details)                                        
136: R114        SHARE CAPITAL AND RESERVES - Schedule of stock      HTML     79K  
                options outstanding and exercisable (Details)                    
137: R115        DERIVATIVE LIABILITY - Schedule of derivative       HTML     46K  
                liability (Details)                                              
138: R116        DERIVATIVE LIABILITY - Schedule of calculation of   HTML     47K  
                fair value adjustment (Details)                                  
139: R117        SEGMENTED INFORMATION - Schedule of segmented       HTML    105K  
                operational activity (Details)                                   
140: R118        COMMITMENTS - Schedule of future minimum payments   HTML     66K  
                (Details)                                                        
141: R119        Consideration payable - Schedule of consideration   HTML     59K  
                payable (Details)                                                
142: R120        FINANCIAL RISK MANAGEMENT - Schedule of liquidity   HTML     73K  
                risk (Details)                                                   
143: R121        GENERAL AND ADMINISTRATIVE EXPENSE - Schedule of    HTML     62K  
                general and administrative expenses (Details)                    
144: R122        TAXATION - Schedule of effective income tax         HTML     58K  
                expense (Recovery) (Details)                                     
145: R123        TAXATION - Schedule of deferred taxes (Details)     HTML     68K  
146: R124        TAXATION - Schedule of temporary differences,       HTML     76K  
                unused tax credits and unused tax losses (Details)               
147: R125        RELATED PARTY TRANSACTIONS - Schedule of balances   HTML     54K  
                due to related parties (Details)                                 
148: R126        RELATED PARTY TRANSACTIONS - Schedule of            HTML     54K  
                transactions with related parties (Details)                      
149: R127        Transaction costs - Schedule of Transaction costs   HTML     45K  
                (Details)                                                        
151: XML         IDEA XML File -- Filing Summary                      XML    274K  
150: EXCEL       IDEA Workbook of Financial Reports                  XLSX    188K  
17: EX-101.INS  XBRL Instance -- cxxif-20200131                      XML   4.09M 
19: EX-101.CAL  XBRL Calculations -- cxxif-20200131_cal              XML    206K 
20: EX-101.DEF  XBRL Definitions -- cxxif-20200131_def               XML   1.33M 
21: EX-101.LAB  XBRL Labels -- cxxif-20200131_lab                    XML   3.01M 
22: EX-101.PRE  XBRL Presentations -- cxxif-20200131_pre             XML   1.83M 
18: EX-101.SCH  XBRL Schema -- cxxif-20200131                        XSD    545K 
152: ZIP         XBRL Zipped Folder -- 0001062993-20-003303-xbrl      Zip    340K  


‘EX-2.1’   —   Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession — exhibit2-1


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  C21 Investments Inc.: Exhibit 2.1 - Filed by newsfilecorp.com  

DESCRIPTION OF THE REGISTRANT'S SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF THE

SECURITIES EXCHANGE ACT OF 1934

As of the date of the Annual Report on Form 20-F of which this Exhibit 2.1 is a part, C21 Investments Inc. (the "Company", "we", "us" or "our") has only one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: the Company's common shares (the "Common Shares").

Description of Common Shares

The following description of our Common Shares is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our articles (the "Articles"), as amended, which are incorporated by reference as an exhibit to the Annual Report on Form 20-F of which this Exhibit 2.1 is a part.

We have 89,388,640 Common Shares outstanding as of January 31, 2020, and we are authorized to issue an unlimited number of Common Shares, without par value.

Basic Rights of our Common Shares

The holders of Common Shares are entitled to one vote per share on all matters voted on by shareholders, including the election of directors. All our Common Shares rank equally as to dividends (as may be declared from time to time by our board of directors from funds available for distribution to holders), voting power and participation in assets. Upon liquidation, dissolution or winding up of the Company, holders of our Common Shares are entitled to receive pro rata the assets of the Company, if any, remaining after payments of all debts and liabilities.

Our Common Shares are not subject to liability to further capital calls by the Company. There are no provisions in our Articles discriminating against any existing or prospective shareholder as a result of such shareholder owning a substantial number of our Common Shares, and non-resident or foreign holders of our Common Shares are not limited in having, holding or exercising the voting rights associated with Common Shares. Also, no provision or rights exist in our Articles regarding our Common Shares in connection with exchange, redemption, retraction, purchase for cancellation, surrender or sinking or purchase funds.

Pre-emptive Rights

Our Common Shares do not contain any pre-emptive purchase rights to any of our securities.

Transferability of Common Shares

Our Articles do not impose restrictions on the transfer of Common Shares by a shareholder. We will not, however, register a transfer of Common Shares until: (1) we receive a duly signed instrument in respect of the transfer of Common Shares; (2) a share certificate, if any, representing the transferred Common Shares has been surrendered to us; and (3) if a non-transferable written acknowledgment of the shareholder's right to obtain a share certificate has been issued by the Company in respect of the Common Shares to be transferred, that acknowledgement has been surrendered to us.

Action(s) to change Rights attaching to our Common Shares

Provisions as to the modification, amendment or variation of shareholder rights for holders of our Common Shares are contained in the British Columbia Business Corporation Act ("BCBCA"). The BCBCA requires a "special resolution" of shareholders for specific corporate actions, including certain alterations of our share capital, with such "special resolution" requiring an affirmative two-thirds vote of shareholders (rather than a simple majority) for passage. No right or special right attached to any of our issued shares may be prejudiced or interfered with unless the shareholders holding shares of such class or series of shares to which the right or special right is attached consent by a separate "special resolution" of those shareholders.


Change of Control restrictions for our Common Shares

Our Articles do not contain provisions that would have an effect of delaying, deferring or preventing a change in control of the Company which would operate with respect to a merger, acquisition or corporate restructuring involving the Company or any of its subsidiaries.

Ownership disclosure threshold for our Common Shares

Our Articles do not have any specific threshold requiring disclosure of ownership by holders of our Common Shares. However, Canadian securities regulators and the Canadian Stock Exchange ("CSE") do require disclosure of shareholder ownership by any shareholder owning more than 10% of our outstanding Common Shares.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:7/14/206-K
For Period end:1/31/20
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/28/23  C21 Investments Inc.              20-F/A      1/31/23  124:14M                                    Newsfile Corp./FA
 7/21/23  C21 Investments Inc.              20-F        1/31/23  125:12M                                    Newsfile Corp./FA
 8/16/22  C21 Investments Inc.              20-F/A      1/31/22  129:15M                                    Newsfile Corp./FA
 8/15/22  C21 Investments Inc.              20-F        1/31/22  124:13M                                    Newsfile Corp./FA
 9/25/20  SEC                               UPLOAD10/27/20    2:39K  C21 Investments Inc.
 9/15/20  C21 Investments Inc.              20-F/A      1/31/20    6:995K                                   Newsfile Corp./FA
 8/28/20  SEC                               UPLOAD10/27/20    2:43K  C21 Investments Inc.
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Filing Submission 0001062993-20-003303   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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