Description of Property
−Removed: Our executive offices and research lab are located in a leased facility in Kelowna, British Columbia Canada, consisting of approximately 2,250 square feet of office space to accommodate our finance and administrative functions as well as approximately 1,000 square feet of laboratory space accommodating our in-house research and development.
−Removed: The lease for our Kelowna offices commenced in November 2019 and is scheduled to expire November 2023.
−Removed: Subject to the terms and conditions of the lease, we may extend the term of the lease for another five years.
−Removed: Our facilities are in excellent condition and adequate for their current use.
+Added: The Company is located in Kelowna, British Columbia Canada in a leased facility with 2,250 square feet of office space to accommodate our finance and administrative functions and a Health Canada approved research lab of approximately 1,000 square feet accommodating our in-house research and development team.
+Added: The current lease commenced in November 2019 and expires November 2023.
+Added: The term of the lease can be extended for another five years, subject to certain terms and conditions.
+Added: We believe our current facilities are suitable and adequate for the Company’s current operational requirements.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.