Basebay, LLC acquired FAVO Blockchain Inc. from Favo Realty, Inc. for $0.13 million.

Favo Capital, Inc. is a direct funding company. The Company provides customized, short-term funding to small and mid-sized businesses. The Company operates a direct and syndication funding platform to serve small and medium-sized businesses in need of liquidity to fulfill their financial responsibilities. The Company has two divisions: Funding Division and Real Estate Holdings Division. The Funding Division is engaged in providing small and medium-sized businesses with funding solutions through merchant cash advances (MCAs). The Real Estate Holdings Division engages in various real estate holdings. The Company focuses on value-added and opportunistic real estate. These investments include development or redevelopment projects, repositioning of an asset, and include making physical improvements to a property. Through the Company's direct sales, marketing, underwriting and operational platform and with its syndication partners, the Company provides funding solutions for customers.