Home > Boards > US OTC > Electronics and components > Mountain High Acquisitions Corp. (MYHI)

just info to ensure that the company's

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sam1933   Tuesday, 07/20/21 07:26:04 AM
Re: qazzit post# 1670
Post # of 1815 
just info to ensure that the company's operation(Certain Supply) is in line with the applicable laws and regulations,...

On March 8, 2021, Mountain High Acquisitions Corp, (“MYHI”), on the one hand,and David Aquino and Gwen Aquino (collectively,the"Shareholders"), on the other hand, entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which MYHI agreed to purchase from the Shareholders all of the capital stock of Kafkaford Holdings, Inc., a California corporation ,dba Certain Supply ("CS") in exchange (the "Exchange") for 48,076,923 restricted shares of MYHI (the “MYHI Shares"). A portion of the MYHI Shares are subject to forfeiture in the event that the Employment Agreement referenced below is terminated by David Aquino without good reason or by MYHI for cause.

Based on last 8k books and records of GPS were so deficient the Company was unable to generate financial statements of GPS with the result that the Company has been unable to comply with the reporting obligations of the Company under the Securities Exchange Act of 1934 and is delinquent in its filings ; and

Effective May 17,2021, MYHI, GPS and Trilogy Capital entered into a Rescission Agreement
Trilogy surrendered 215,250,000 restricted shares of the Company’s Common Stock , and the Company returned to Trilogy and/or its designee the GPS Shares.

I'm not an expert but IMO it will take few month to clarify these transactions in a comprehensive manner with the Securities and Exchange Commission


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