Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  

5. Licenses


On March 7, 2018, Mendocino entered into an asset purchase agreement with a third-party seller, pursuant to which Mendocino acquired all of the assets relating to a retail cannabis business in Point Arena, Mendocino County, California for total cash consideration of $350,000.


The amount assigned to the Licenses intangible asset was $309,300. The licenses and permits renew annually for nominal fees.