AltSol Inc. (formerly VuMee Inc.) announced that on July 3, 2018, its CEO Sean Jahanian executed a Termination Agreement terminating the contemplated share exchange between VuMee and two Washington, D.C.-based marijuana manufacturing and distribution centers. VuMee was unable to obtain a legal opinion attesting to the legality of a U.S. listing of a Washington, D.C.-based marijuana manufacturing and distribution business, which was a pre-requisite to obtain financing prior to closing of the share exchange. Following the execution of the Termination Agreement, Mr. Jahanian stepped down from his positions as corporate officer and corporate board member of VuMee, and Matthew Lawson-Baker and Robert L. Simmons each also stepped down from the company's board.

The departing directors appointed Mr. Pui Lam "Rex" Cheung to serve as the sole corporate officer and sole director of VuMee.