Note 20 – Subsequent events

On or about September 14, 2022, Electrum and Aurora Cannabis, Inc. settled the Litigation claims and Electrum received CAD $800,000, or approximately USD $584,000, in settlement funds from Aurora Cannabis, Inc. (“Settlement Funds”), which have been placed in escrow. Pursuant to an escrow agreement entered into by and between Electrum, Mentor, and the escrow agent, Mentor was to be paid amounts due and owing to it under the Capital Agreements and Recovery Purchase Agreements from the Settlement Funds before any remaining amounts are to be distributed to Electrum. To date, such payment has not been received. On or about September 20, 2022, the escrow agent resigned and Electrum has refused to agree to a successor escrow agent in accordance with the terms of the escrow agreement.

Subsequent to quarter end, on October 21, 2022, the Company filed suit against the escrow agent, Electrum, and Does 1 through 10, seeking declaratory relief from the California Superior Court in the County of San Mateo that the escrow agent shall either distribute the Settlement Funds or transfer the Settlement Funds to the successor escrow agent, all in accordance with the escrow agreement. The Company is also seeking interest during the period of time that the escrow agent refused to disburse the Settlement Funds and for the Company’s attorneys’ fees and costs incurred in bringing suit.

Subsequent to quarter end, on October 1, 2022, WCI entered into a Multi-Lessee Industrial Net Lease for facilities located in Phoenix, Arizona with 5,603 square feet for an initial lease term of sixty-one months. Monthly base rent will be as follows:

$5,603 for the period October 1, 2022 to September 30, 2023;

$5,827 for the period October 1, 2023 to September 30, 2024;

$6,060 for the period October 1, 2024 to September 30, 2025;

$6,303 for the period October 1, 2025 to September 30, 2026;

$6,555 for the period October 1, 2026 to September 30, 2027;

$6,817 for the period October 1, 2027 to October 31, 2027