Thoughtful Brands Inc. (CNSX:TBI) entered into a letter of intent to acquire Wild Mariposa LLC for $2.2 million on August 17, 2020. Thoughtful Brands Inc entered into a purchase agreement to acquire Wild Mariposa LLC on August 19, 2020. As per the transaction, Thoughtful Brands would acquire Wild Mariposa in consideration for the issuance of 15.05 million common shares. In a related transaction, Thoughtful Brands entered into letters of intent to acquire Golden Path LLC. The transaction will not bring about any fundamental change or change of control of Thoughtful Brands. The transactions are contingent upon each other and Thoughtful Brands does not intend to proceed with the transactions unless both can be completed concurrently. The transactions are subject to regulatory approvals, the completion of due diligence and negotiation of definitive documentation. Upon completion of the transactions, an administrative fee of 266,000 common shares of Thoughtful Brands will be owing to a consultant who assisted with the transactions. Thoughtful Brands Inc. (CNSX:TBI) completed the acquisition of Wild Mariposa LLC on August 19, 2020.