Mountain High Acquisitions Corp. (OTCPK:MYHI) entered into an exchange agreement to acquire One Lab Co from Alchemy Capital, LLC for $5.7 million on August 18, 2018. Pursuant to the all-stock agreement, Mountain High will issue 20 million restricted shares upon closing of the deal and further 68 million restricted shares after certain equipment currently under order by One Lab Co is delivered to the lessee under a lease agreement between One Lab Co and the lessee. Pursuant to the Exchange Agreement, Matt Walker and Raymond Watt were appointed to the Board of Directors of Mountain High as designees of One Lab Co for a period of one year. One additional designee of Labco will be appointed to the Board after the Equipment is delivered. The transaction is subject to regulatory approvals. David Ficksman of TroyGould PC acted as legal advisor to Mountain High. Mountain High Acquisitions Corp. (OTCPK:MYHI) completed the acquisition of One Lab Co from Alchemy Capital, LLC on August 21, 2018.