GelStat Corp. (OTCPK:GSAC) signed a definitive agreement to acquire Mastix Medica LLC on for $1.4 million June 5, 2014. As part of consideration, GelStat issued 27.5 million shares of its common stock. Robert Estey, Founder and Chief Executive Officer at Mastix Medica, will join the management team of GelStat Corp. The deal is expected to close on or before July 7, 2014. The acquisition is expected to add $2 million in revenue in the second half of 2014.

GelStat Corp. (OTCPK:GSAC) completed the acquisition of Mastix Medica LLC on July 7, 2014.