GRN Holding Corporation (OTCPK:GRNF) entered into a non-binding letter of intent to acquire 51% stake in Soulshine Development Group, Inc. on November 12, 2019. The acquisition includes all assets, licenses, source code, intellectual property, processing assets and commission. In a related transactions, GRN Holding signed a non binding letter of intent to acquire Pacific Banking Corp., Microcap Advisors, LLC, SMLY, Inc. Soulshine Development Group, Inc., Soulshine CBD, Inc., One Source CBD, Mystic Ranch Development Co., LLC, Magic Beans Hemp, LLC and Sunshine Hemp, Inc. The transaction is subject to the completion of due diligence, financial audits, and the execution of material definitive agreement. As of February 24, 2020, GRN Holding Corporation completed due diligence in connection with the acquisition of Soulshine Development Group. The transaction is expected to have a significant dilutive effect on the percentage of shares held by our current stockholders. GRN Holding Corporation (OTCPK:GRNF) cancelled the acquisition of 51% stake in Soulshine Development Group, Inc. on November 12, 2020.