Bayport International Holdings Inc. (BAYP)

[Lochan]

This is from the PR of 3/19/14: "We are in the middle of completing acquisition contracts."

The more recent PR refers to a joint venture, not an acquisition. The optimist in me says there will be announcements of other contracts and acquisitions in the coming weeks and months in the medical marijuana sector. The other possibility is that what started out as a plan to acquire a single target turned into a JV agreement by which Bayport will market a line of hemp-based products once it has a signed contract in hand. The work they claim has already begun on product design sounds like they are putting the cart before the horse without having a formal contract in place.