On February 3, 2019, the Company executed a non-binding Letter of Intent to acquire an operating Hemp Extraction CBD operating company. The Letter of Intent was accepted by the current owners of the Hemp Extraction CBD operating company.
Closing as proposed in the Letter of Intent is subject to due diligence and regulatory approval.
Purchase Price: $600,000.00
Anticipated closing: 90 days or sooner.
Purchase Price includes the following:
All licenses and permits issued by the State of California for the HEMP Extraction CBD which is currently producing one liter a week of CBD oil. (subject to approval by the regulating authorities of MJB or its nominee).
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