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.