Lophos Holdings, Inc. (TSE:MESC) has released an update.
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Lophos Holdings Inc. has announced its intent to expand its biosciences division by acquiring the assets of Magicactus.com, which includes a significant inventory of peyote plants and seeds, cultivation equipment, customer data, web domain, and intellectual property. The deal involves a cash payment and stock issuance totaling $150,000 and 1,000,000 common shares, with an additional consultancy agreement with Magicactus.com’s founder. This acquisition is pending final negotiations and regulatory approval.
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