Emblem Corp. and Natura Naturals Holdings Inc. (Natura) announced the termination of their letter of intent as of 5 p.m. EST on September 13, 2018. In addition, as previously announced, Emblem recently provided $2 million of advanced funding to Natura for the expansion of its facility (the Funding). The funding is comprised of a one-year convertible debenture for an aggregate principal amount of up to $2 million, with an interest rate similar to Natura’s other funding obligations and can be pre-paid at any time during the term. The first tranche of $500,000 was advanced on August 23, 2018, with subsequent payments made on August 30, September 6 and September 13, 2018. In the event Emblem elects to convert the Funding into Natura shares, Natura and Emblem would concurrently enter into an additional 2,000 kg supply agreement on substantially the same terms as the supply agreement completed on July 17, 2018.