ACT Laboratories, Inc. entered into an agreement to acquire Florida operations from Green Scientific Labs Holdings Inc. (CNSX:GSL) on May 11, 2023. Rafael Bombonato, Chief Compliance Officer and Interim Chief Executive Officer of Green Scientific will become Vice President of Quality for ACT Laboratories and Diana Asensio currently Green Scientific's Lab Director for Florida, will continue in the same role for ACT Laboratories. The transaction is subject to Green Scientific Lab Holdings's shareholder approval, and regulatory approvals.

The transaction is expected to close prior to the end of June. ACT Laboratories, Inc. obtained regulatory approval and completed the acquisition of the Florida lab operations and all related assets from Green Scientific Labs Holdings Inc.