When you look back at the history you can see how the earlier LOI with Cannaworx likely lead to the current acquisition. Even though the merger was not completed the first time, Zimbler picked up some rights from the LOI, and that was mentioned several times afterward. This LOI with Recommerce allowed the two companies to merge the SaaS software that G3PL had with what Recommerce has been using. The fact that the updated data on OTC still shows the address of the executive offices at the Recommerce address is telling, especially when you consider the size of that warehouse and the fact that CNGT said in an 8k that they are not paying any rent to be there.
I do believe we will see more of Recommerce, likely after they settle the legal issues with Sanguine. What's really had me going is Pressure Bio referring to Cannaworx as a "planned merger partner" just a couple of weeks ago and after the reorganization with Availa and also after CNGT transitioned to a holding company.
The last 8k PBI put out in reference to LOI with Cannaworx has some interesting wording. One thing that stood out to me was saying that Availa and PBI would look to restructure the deal to meet the intentions of both companies. This was after releasing Cannaworx to allow a change in controlling interest. It was shortly after that that CNGT started restructuring as a holding company and now the acquisition and reorganization giving Availa the largest voting block.
I think any investor here should review all the press releases from PBIO when they were in talks with Availa and Cannaworx. The video with Jim Morrison and the CEO of PBI is definitely a must-watch.
I think we are going to see some major moves post-split.
CNGT!!
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