OTC IPOs, Mergers & Other Material Events

[Big Brother]

PIRE: First trade today 500 shares @ $1.50, 29M o/s 13M float?? Not much info on this yet, looks like some sort of mystery cannabis company, website not online.

http://www.pierrecorp.com

On March 20, 2019 the Company entered into a Letter of Intent with an unrelated third party concerning marijuana licenses in Los Angeles County. The Letter of Intent provides that the Company will pay $850,000 for licenses to cultivate, manufacture, distribute, and deliver marijuana in California. However the Company will not acquire any aspects of the licenses that relate to retail delivery or store front retail.

The acquisition of the licenses is subject to a number of conditions, including a requirement that the licenses, which expired in June 2018, be renewed by the government authorities which issued the licenses.

If the licenses are acquired, the Company plans to construct a cultivation, manufacturing and distribution facility in Los Angeles County and sell marijuana throughout California.