Bhang Inc. (CNSX:BHNG) signed a letter of intent to acquire 1352135 B.C. Ltd for CAD 1 million on March 6, 2023. Bhang Inc. (CNSX:BHNG) entered into an agreement to acquire 1352135 B.C. Ltd on April 28, 2023. Pursuant to the LOI, the Company would acquire all of the issued and outstanding common shares of BC Corp on or before March 10, 2023. In consideration for the acquisition, the Company would issue to the vendors of BC Corp. CAD 1 Million in subordinate voting shares of Bhang at a price of CAD 0.05 per SVS. The closing of the acquisition is subject to the approval of Bhang's board of directors, and pending the results of any due diligence and approvals required by any applicable regulatory body.

Bhang Inc. (CNSX:BHNG) completed the acquisition of 1352135 B.C. Ltd for CAD 1 million on April 28, 2023. As per the terms of the Agreement, in consideration for all of the issued and outstanding shares of BC Corp., Bhang has issued to the shareholders of BC Corp. an aggregate of CAD 1 million in subordinate voting shares of Bhang ("SVS"), amounting to 20 million SVS at a price of CAD 0.05 per SVS.