Salinas Diversified Ventures, Inc. entered into an agreement to acquire VBF Brands, Inc. from Sunset Island Group, Inc. (OTCPK:SIGO) for $4.4 million on October 6, 2021. Under the terms, Salinas Diversified Ventures agreed to assume two secured convertible promissory notes issued by SIGO with St. George Investments, LLC, as follows: The first issued December 8, 2017, in the original face amount of $0.17 million and the second issued February 13, 2018, in the original face amount of $4.2 million. Jesus Quintero will be appointed as President of VBF Salinas Diversified Ventures will retain Livacich as Chief Executive Officer for a term of two years. The transaction is conditional upon VBF and SIGO’s full corporate authorization, consent and execution of this Agreement; (ii) VBF’s sale to Buyer of 100% of the issued and outstanding shares of VBF; (iii) VBF and Livacich’s full corporate authorization, consent compliance with and execution of the Management Services Agreement and Cooperation Agreement; (iv) SIGO’s disclosure of the Agreement on Form 8-K with the Securities and Exchange Commission; (v) VBF and Livacich’s full cooperation in Buyer’s financial auditing of VBF in accordance with ASC 805, including providing unrestricted access to all VBF corporate and financial records and providing all necessary cooperation with VBF financial personnel; (vi) VBF and Livacich’s full cooperation in aiding and assisting Buyer with its change of ownership applications with the Licensing Authorities; (vii) VBF’s and Livacich’s truthful representations and execution of and compliance with the terms and conditions of the Executive Employment Agreement, Management Services Agreement and the Cooperation Agreement. Marijuana Company of America expects that the acquired subsidiary should be significantly accretive to the Company's topline revenue and EBITDA expectations for 2022. Tad Mailander of Mailander Law Office Inc acted as legal advisor to Salinas Diversified Ventures.