Thoughtful Brands Inc. (CNSX:TBI) entered into a letter of intent to acquire Golden Path LLC for $1.7 million on August 17, 2020. Thoughtful Brands would acquire Golden Path in consideration for the issuance of 11.5444 million shares. In a related transaction, Thoughtful Brands entered into a letter of intent to acquire Wild Mariposa 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 is subject to regulatory approvals, the completion of due diligence and negotiation of definitive documentation. Upon completion of the transactions, an administrative fee of 0.266 million common shares of Thoughtful Brands will be owing to a consultant who assisted with the transactions.