SASKATOON, March 8, 2019 /CNW/ - Thunder Development Inc. ("Thunder") announces today that is has filed an early warning report in respect of its holdings in WestLeaf Inc. (the "Corporation")(TSXV: WL). Thunder previously held 16,000,000 shares in Westleaf Cannabis Inc. ("Westleaf Cannabis") which were converted into 16,000,000 shares of the Corporation as outlined in the transaction described below. Thunderchild First Nation is the sole shareholder of Thunder.
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Calgary-based Westleaf Cannabis Inc. has entered into a deal with Saskatchewan’s Thunderchild First Nation for the company’s new flagship production facility.
Westleaf Cannabis Inc. has yet to produce an ounce of marijuana, but one Saskatchewan First Nation is spending $8 million to ensure that changes soon — and leads to new jobs for its members.