The Smithers Group, Inc. entered into a non binding letter of intent to acquire Arizona business from Green Scientific Labs Holdings Inc. (CNSX:GSL) on January 30, 2023. The Smithers Group, Inc. entered into definitive agreement to acquire Arizona business from Green Scientific Labs Holdings Inc. (CNSX:GSL) for $0.2 million on March 30, 2023. The consideration will be paid in cash. The addition of Arizona builds on the current Smithers cannabis testing laboratory footprint in Illinois, Massachusetts, New York, and New Jersey opening soon. The sale is subject to customary closing conditions, including regulatory approvals. The sale is expected to be completed in Q2 2023.

The Smithers Group, Inc. completed the acquisition of Arizona business from Green Scientific Labs Holdings Inc. (CNSX:GSL) on May 3, 2023.