v3.25.3
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Stockholders' Equity  
Schedule of shares to be issued

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Shares

    

Amount

    

Description

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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.

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1,641,520

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$

175,439

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Schedule of fair value of the warrants

2025

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As at

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As at

​

As at

​

    

September 30, 2025

    

June 30, 2025

    

March 31, 2025

Forfeiture rate

​

0%

​

0%

 

0%

Stock price

​

$0.002

​

$0.002

​

$0.002

Exercise price

​

$0.350

​

$0.350

​

$0.350

Volatility

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358%

​

358%

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358%

Risk free interest rate

​

3.83%

​

3.96%

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4.03%

Expected life (years)

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0.01 to 0.93

​

0.01 to 1.18

​

0.01 to 1.43

Expected dividend rate

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0%

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0%

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0%

​

2024

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​

​

​

​

​

​

​

​

​

    

As at

    

As at

    

As at

    

As at

​

​

December 31, 

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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

​

During quarter

​

During quarter

​

​

ended

​

ended

​

ended

​

    

September 30, 2025

    

June 30, 2025

    

March 31, 2025

Forfeiture rate

​

0%

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0%

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0%

Stock price

​

$0.002 to $0.003

​

$0.002 to $0.003

​

$0.002 to $0.003

Exercise price

​

$0.350

​

$0.350

​

$0.350

Volatility

​

476%

​

476%

​

476%

Risk free interest rate

​

4.10% to 4.98%

​

3.66% to 4.60%

​

3.66% to 4.60%

Expected life (years)

​

2

​

2

​

2

Expected dividend rate

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0%

​

0%

​

0%

Fair value of warrants

​

$0

​

$0

​

$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%

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476%

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461%

​

433%

Risk free interest rate

​

3.66% to 4.60%

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3.66% to 4.60%

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4.72% to 4.81%

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4.39% to 4.55%

Expected life (years)

​

2

​

2

​

2

​

2

Expected dividend rate

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0%

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0%

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0%

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0%

Fair value of warrants

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$0

​

$119

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$173

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$134

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Remaining

​

Remaining

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​

 

​

​

contractual life

​

contractual life

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Warrants

 

Warrants

 

term as at

 

term as at

​

 

outstanding as at

 

outstanding as at

 

September 30, 

 

December 31,

​

 

September 30, 

 

December 31,

 

2025

 

2024

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2025

    

2024

    

(years)

    

(years)

Serious Seeds

 

50,001

 

200,004

 

0.01 to 0.18

 

0.01 to 0.93

CLI

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—

​

10,000,000

​

0.00

​

0.62

Total

 

50,001

 

10,200,004

 

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Schedule of movement of the warrant liability

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Warrant liability as at December 31, 2024

    

42

Warrant liability for new issuance

​

—

Change in fair value

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(42)

Warrant liability as at September 30, 2025

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—

​