Windsock Holdings LLC signed a Letter of Intent to acquire Labtronix Inc. from YourWay Cannabis Brands Inc. (OTCPK:YOUR.F) for $3 million on November 15, 2023. Windsock Holdings LLC entered into stock purchase agreement to acquire 100% of the issued and outstanding shares in the capital of Labtronix Inc. from YourWay Cannabis Brands Inc. (OTCPK:YOUR.F) for $3 million on November 28, 2023. Pursuant to the SPA, the Company has agreed to sell, and Windsock has agreed to acquire, the Labtronix Shares for $3 million which will be satisfied by (i) payment to the Company by Windsock of $0.3 million on closing and entry into of a 5% secured promissory note (the ?Note?) by Windsock in the amount of $2.7 million, to provide for the payment of monthly instalments of principal and interest in the amount of $0.05095233 million. Completion of the Transaction is also subject to receipt of certain required regulatory approvals and other customary closing conditions. Janet E. Jackim is a professional. Zuber Lawler & Del Duca LLP acted as a legal advisor to Labtronix Inc. and Windsock Holdings LLC. The closing of the Transactions is expected on December 31, 2023.

Windsock Holdings LLC cancelled the acquisition of Labtronix Inc. from YourWay Cannabis Brands Inc. (OTCPK:YOUR.F) on December 5, 2023.