Sylios Corp. informed shareholders that it has closed on the acquisition of a commercial tract of land in Santa Rosa County, Florida. On October 12, 2019, the Company entered into a Commercial Sales Contract for the purchase of a 1.1-acre tract of undeveloped commercial land located in Santa Rosa County, Florida, more specifically Milton, Florida. The transaction closed on November 1, 2019. The Company has targeted this particular tract of land as a possible site for the development of its second self-storage facility. The land is surrounded by high growth in the medical industry and housing developments.