Item 2.01 Completion of Acquisition of Disposition of Assets.

On September 29, 2020 the Company acquired all of the assets of Solar Cultivation Technologies, Inc. for 1,200,792 shares of the Company's common stock. SCT provides commercial cannabis cultivators with solar, battery storage, and high-efficiency lighting. SCT is in the development stage and as of the date of this report had generated only limited revenue.

Item 3.01 Unregistered Sale of Equity Securities.

The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection with the issuance of the securities described in Item 2.01 of this report. SCT was a sophisticated investor and was provided full information regarding the Company's business and operations. There was no general solicitation in connection with the issuance of the shares to SCT. SCT acquired the shares for its own account. The certificate representing the shares issued to SCT will bear a restricted legend providing that the shares cannot be sold except pursuant to an effective registration statement or an exemption from registration. No commission was paid to any person in connection with the issuance of the shares to SCT.

© Edgar Online, source Glimpses