$BAYP The Company is finalizing the definitive documents that will be used to close on the transaction. BAYP expects to have the sales and purchase contracts finished shortly; after execution Bayport will announce the acquisition and release further information on the new domain name and development details.
"I am looking forward to sharing the name and the details of our acquisition to the public. We are extremely excited about how all of our assets will begin to work together to create our aforementioned tech platform," stated Clay Franks, CEO of Bayport. "Few people realize how important technology will become in the Cannabis industry as it is about to be forced into a binary transition from slightly regulated to extremely regulated. We intend to monetize a suite of products that will ease the transition for the producers and dispensaries that will be our partners."
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