Cruzani, Inc. (OTCPK:UHLN) entered into a binding letter of intent to acquire 80% stake in 2603088 Ontario Inc. from Sandrea (Dee) Gibson for CAD 0.24 million on August 29, 2018. Upon execution of this letter, Cruzani will contribute tranches of up to CAD 0.24 million to Recipe Food to redeem its investors, which may be in the form of cash or securities of Cruzani. The letter of intent may be terminated by, (i) written notice by Cruzani, (ii) execution of a definitive agreement, or (iii) by either party if the transaction has not been consummated by October 31, 2018. Cruzani, Inc. (OTCPK:UHLN) entered into a stock purchase agreement to acquire 80% stake in 2603088 Ontario Inc. from Sandrea (Dee) Gibson on September 27, 2018. The transaction is subject to execution of a definitive acquisition agreement, satisfaction with Cruzani's business, legal, and accounting due diligence investigations and review of Recipe Food Co., execution of employment agreement, all consents and approvals by third parties and all governmental and regulatory filings, authorizations and approvals and other licenses that are required having been obtained.