Actually it doesn't say it was for the whole company.
"with regard to the purchase of Cortex (sic) Water Pipes"
could be just a down payment. Could be anything. But hey maybe the Shareholder Letter will give more clues!
But looking at that website with all those skanky women I doubt it is worth that much. Plus I have read conflicting reports as to revenues. PRPM touted they had $300k in revenues. I saw elsewhere $66k. and I saw where the Franchise Tax Board suspended his LLC. so who knows.