Black Bird Potentials Inc. completed the acquisition of Digital Development Partners, Inc. from EFT Holdings, Inc. and others in a reverse merger transaction.
January 31, 2019
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Black Bird Potentials Inc. entered into a plan and agreement to acquire Digital Development Partners, Inc. (OTCPK:DGD) from EFT Holdings, Inc. and others in a reverse merger transaction on December 12, 2019. On December 13, 2019, a definitive agreement has been signed. As per the terms of transaction, Digital Development Partners will acquire all Black Bird Potentials shares and Preferred Stock which is outstanding and shall be exchanged for 2.0547 shares of Digital Development Partners Common Stock for a total of 120 million shares. The closing under the merger agreement is to occur upon the satisfaction of certain conditions precedent, including the cancellation of substantially all of our existing indebtedness, including accrued interest, by the issuance of shares of common stock. Upon Completion, name of the Digital Development Partners shall be changed to Black Bird Potentials Inc. Upon the Closing, Jack Jie Qin, William E. Sluss, Fabian G. Deneault, L. A. Newlan, Jr. and Eric Newlan shall be elected as directors of Black Bird Potentials to serve until the earlier of their removal or resignation. The transaction is subject to regulatory approval, shareholder approval of Black Bird Potentials, third party approval. The transaction has been approved by Board of Directors of Black Bird Potentials and Digital Development Partners. The transaction is expected to close by end of January 2020.
Black Bird Potentials Inc. completed the acquisition of Digital Development Partners, Inc. (OTCPK:DGD) from EFT Holdings, Inc. and others in a reverse merger transaction on January 1, 2020. Under the transaction, Digital Development Partners issued 120 million shares of its common stock to the shareholders of Black Bird and four persons were added to the Company's Board of Directors. Accordingly, the four new directors were issued a total of 100.18 million shares of Digital Development Partners common stock. Black Bird became a wholly-owned subsidiary of Digital Development Partners.
Black Bird Biotech, Inc. is a manufacturer and distributor for MiteXstream, an environmental protection agency (EPA)-certified plant-based biopesticide effective in the eradication of mites and other similar pests, including spider mites, that destroy crops, particularly cannabis, hops, coffee and house plants, as well as molds and mildew. The Company also manufactures and sells, under its Grizzly Creek Naturals brand name, cannabidiol (CBD) products, including CBD Oils, gummies and pet treats, as well as CBD-infused personal care products. Big Sky American Dist., LLC (Big Sky American) distributes its Grizzly Creek Naturals products, as well as an array of other consumer retail products, in Western Montana. The Company's subsidiaries include Black Bird Potentials Inc. (BB Potentials), Big Sky American Dist., LLC (Big Sky American) and Black Bird Hemp Manager, LLC.
Black Bird Potentials Inc. completed the acquisition of Digital Development Partners, Inc. from EFT Holdings, Inc. and others in a reverse merger transaction.
BLACK BIRD BIOTECH, INC. 
