Indoor Harvest Corp (INQD)

[RioClaro]

LAS VEGAS, NEVADA, UNITED STATES, November 12, 2021 /EINPresswire.com/ — Indoor Harvest Corp. (OTCPK: INQD, “The Company”, “Indoor Harvest”) filed Form 8-K with the SEC on November 12, 2021, reporting the conversion of the Series A Preferred shares and related share issuances. The Preferred Shareholder Supplemental Agreement eliminates nearly $120 million in derivative liabilities from the Company’s balance sheet as of November 8, 2021 and removes a potential 12.5 billion share dilutive event that previously existed under the Preferred shareholders conversion privileges, thus benefitting the Company’s current shareholders.