PURE HARVEST CORPORATE GROUP, INC. : Regulation FD Disclosure (form 8-K)

ITEM 7.01 Regulation FD

On March 24, 2022, Pure Harvest Corporate Group, Inc. (the Company") entered into a non-binding letter of intent with a Colorado cannabis business (the "LOI") and multi-state operator to acquire a majority interest in the businesses operating assets in exchange for a majority of shares of the company's restricted common stock (the "Transaction"). Also on this date, the Company discussed the contemplated Transaction with prospective investors.

The final terms of the Transaction are subject to the Company's (i) due diligence, (ii) further negotiation and (iii) Board and shareholder approvals. Under the terms of the LOI, the definitive agreements memorializing the Transaction are to be executed within one hundred twenty days (120) of the effective date of the LOI.

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