Allstar Health Brands, Inc. (OTCPK:ALST) signed a letter of intent to acquire 25% stake in Advent Galaxy Inc. for CAD 15 million on March 17, 2022. The consideration will be in preference Series B shares of ALST priced at CAD 10 per share in an aggregate number equal to 1,500,000 and an aggregate purchase price of CAD 15 million. ALST will have a two years option to acquire additional 25% of Advent Galaxy for a period of Two Years for CAD 20 million or CAD 75 million enterprise valuation or simply stated Preferred Series B shares of ALST priced at CAD 10 per share in an aggregate number equal to 2,000,000 and an aggregate purchase price of CAD 20 million.

Upon completion of the transaction, ALST shall assume some management and operational responsibilities. ALST may also close a non-brokered CAD 5 million private placement post-closing, after final agreements are in place, with details to follow.