Indoor Harvest Corp (OTCPK : INQD) signed a letter of intent to acquire Certain Assets of Electrum Partners, LLC on February 9, 2022. On April 11, 2022, the parties mutually agreed to an amendment (the “Amendment”) to the Letter of Intent to extend (i) the date by which Electrum and its members must prepare a definitive Asset Purchase Agreement (the “Purchase Agreement”) and other related agreements to July 9, 2022 from April 10, 2022. As per the filling on July 21, 2022, the transaction is expected to close on October 7, 2022.

As the due diligence process has continued, the companies are working to complete the process as quickly as possible.