Media Central Corporation Inc. (CNSX:FLYY) entered into a binding letter of intent to acquire Budtree Corp. for CAD 2.1 million on July 24, 2020. As part of the consideration, Media Central will issue 85.5 million shares to the shareholders of Budtree in a share exchange. With this acquisition BudTree Corp. to become a wholly-owned subsidiary of Media Central. Budtree.com will join Vancouver's Georgia Straight, Toronto's Now Magazine, CannCentral.com, and ECentralSports.com as brands under the Media Central umbrella. A senior member of the Budtree team will join Media Central's Board of Directors following the closing of the transaction. Additionally, Media Central will complete a CAD 1 million private placement at a price of CAD 0.033, with Media Central responsible for 50% of the private placement and Budtree responsible for the remaining 50% portion of the private placement. The transaction is subject to completion of due diligence, audit, regulatory approvals and a definitive agreement.

Media Central Corporation Inc. (CNSX:FLYY) cancelled the acquisition of Budtree Corp. on October 2, 2020.