Nutritional High International Inc. (OTCPK:SPLI.F) entered into a letter of intent (“LOI”) to acquire a 51% interest in Bright Green Lights LLC for $0.71 million on July 18, 2018. The parties entered into an asset purchase agreement on November 21, 2018. Under the terms, Nutritional High will pay $0.2 million in cash and $0.4 million in common shares, all of which are payable at closing. The remaining $0.11 million of the purchase price will be paid in cash upon successful revenue generation of $0.25 million per month for three consecutive months. Additionally, Nutritional High will have the option to purchase the remaining 49% of the equity interest of Bright Green, starting on the 24 month from closing and ending 36 months from closing, for an amount equal to 4 times the 12-month trailing EBITDA of Bright Green multiplied by 49%. Half of the purchase price will be payable in cash, and half in common shares of Nutritional priced at the 30-day volume weighted average trading price immediately preceding the exercise of the option. Nutritional High International Inc. (OTCPK:SPLI.F) cancelled the acquisition of 51% interest in Bright Green Lights LLC on January 29, 2019.