Attis Industries, Inc. (NasdaqCM:ATIS) acquired 80% stake in FLUX Cardon LLC from GreenShift Corporation (OTCPK:GERS) for $18 million on May 25, 2018. The consideration includes an earn-out based purchase price with a floor of $18 million. An initial payment was paid at closing in the form of restricted shares of Attis Industries’ stock, including 0.18 million shares of Attis Industries’ Series G preferred stock. For the period ending December 31, 2017, FLUX Cardon LLC generated approximately $7 million in sales. GreenShift is required to use the first proceeds received upon sale of the shares to pay or refinance its senior secured debt. The transaction is accretive to our balance sheet and earnings of Attis Industries. FLUX Cardon is expected to initially contribute about $2 million to $3 million per year to the Attis Industries’ earnings. Attis Industries, Inc. (NasdaqCM:ATIS) completed the acquisition of 80% stake in FLUX Cardon LLC from GreenShift Corporation (OTCPK:GERS) on May 25, 2018.