Blue Bay Capital Inc. entered into a letter of intent to acquire Environmental Packaging Technologies, Inc. from Environmental Packaging Technologies Holdings, Inc. (OTCPK:EPTI) for $20.4 million on April 5, 2018. Blue Bay Capital Inc. entered into a share purchase agreement to acquire Environmental Packaging Technologies, Inc. from Environmental Packaging Technologies Holdings, Inc. (OTCPK:EPTI) on October 29, 2018. Under the terms of consideration, Blue Bay Capital Inc. will issue 85 million shares. Blue Bay Capital Inc. completed the acquisition of Environmental Packaging Technologies, Inc. from Environmental Packaging Technologies Holdings, Inc. (OTCPK:EPTI) on October 30, 2018. Environmental Packaging Technologies, Inc. became wholly-owned subsidiary of Blue Bay Capital Inc.