A little nugget from the filing on why it is an acquisition and not a reverse merger...
On October 20, 2017, we acquired Clinical & Herbal Innovations, Inc. (CHII), a Georgia corporation, in a share exchange. We issued 8,751,000 shares to the shareholders of Clinical & Herbal Innovations, Inc. for the share exchange. The transaction is a capital transaction where the Company is treated as a non-business entity, therefore, the accounting for the merger is identical to that resulting from a reverse merger except no goodwill or other intangible assets are recorded. For accounting purposes, CHII is treated as the accounting acquirer and is presented as the continuing entity. The historical financial statements are those of CHII.
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