It is a non-binding letter of intent. Doesn't mean they acquired anything.
They will need to obtain all the financials/books of the LLC for review and due diligence.
If they do buy, it will probably involve more massive dilution by PHOT, because they really are not in good financial shape, plus have to come up with $700K cash for the lawsuit and have numerous defaults to deal with.
News 
Market Data 
Discover 
