Blockchain Loyalty Corp. (OTCPK:BBLC) entered into a letter of intent to acquire All the Assets of Luscious Group LLC from Mehir Sethi for $1.2 million on May 19, 2023. The terms of the agreement called for BlockChain Loyalty Corp.

to pay a total consideration of $749,000 in a mix of Consideration Shares and cash as the final acquisition price. To date, the company has issued a total of 1,163,333 shares equal to $349,000 to the company?s founder, Mehir Sethi, with a cash component of $235,529 having been paid. BBLC anticipates the remaining balance of approximately $165,000 to be completed before the end of the October 2023.