Acacia Diversified Holdings, Inc. (OTCPK:ACCA) entered into an agreement to acquire substantially all of the assets of JR Cannabis Industries, LLC from Richard K. Pertile, Kim Edwards and Mike McLaughin for $0.42 million in stock on June 29, 2015. Under the terms of the agreement, Acacia Diversified Holdings will issue 0.4 million shares to Richard K. Pertile, 0.1 million shares to Mike McLaughin and 0.2 million shares to Kim Edwards. The assets and businesses of JR Cannabis Industries will be absorbed into new wholly-owned operating subsidiaries of Acacia, with the main impetus being on its new MariJ Pharmaceuticals, Inc. In related transactions, Acacia Diversified Holdings, Inc. (OTCPK:ACCA) entered into an agreement to acquire substantially all of the assets of MariJ Agricultural, Inc., Canna-Cures R&D, LLC, and TropiFlora LLC on June 29, 2015. At the closing of the acquisition, Steve Sample resigned his posts as Acacia's Chief Execuitve Officer, President, and Chairman of the Board in favor of Acacia's Executive, President and Chairman, Richard K. Pertile. Dan L. Rigdon and V. Weldon Hewitt shall resign as Directors of Acacia. Majority of the employees of JR Cannabis Industries were retained. The deal is subject to consummation of due diligence investigation, execution of employment and non-competition agreement and has been approved by shareholders of Acacia. Howard P. Ross, B.C.S acted as legal advisor for JR Cannabis Industries.

Acacia Diversified Holdings, Inc. (OTCPK:ACCA) completed the acquisition of substantially all of the assets of JR Cannabis Industries, LLC from Richard K. Pertile, Kim Edwards and Mike McLaughin on January 4, 2016.