Ultimate Sports, Inc. (OTCPK:USPS) entered into negotiations to acquire Sannabis S.A.S., a Colombian cannabis company. Sannabis, and affiliated companies, hold all four cannabis licenses: seed use, THC-cultivation, non-THC (hemp)-cultivation, and fabrication/export. Ultimate Sports, Inc. will acquire Sannabis S.A.S. and initiate a name change at closing.
View Systems, Inc. (OTCEM:VSYM), developer of the ViewScan Concealed Weapons Detector, and Sannabis have an effective memorandum of understanding in place for VSYM to acquire Sannabis. View Systems has decided that its interest in Sannabis is better placed in a stake in USPS, which will acquire Sannabis.
