Rhino Biotech Limited (OTCPK:RBRX.F) entered into a membership interest purchase agreement to acquire Artesian Valley Farm, LLC from Ronnie D. Guffey for $17.9 million on September 3, 2021. The consideration for such transaction consisted of: a promissory note in the amount of $500,000 (the “First Artesian Note”); a secured promissory note in the amount of $2,900,000 (the “Second Artesian Note”); and 750,000,000 shares of the Company's common stock, which were issued on November 3, 2021. The First Artesian Note provides a maturity date of October 31, 2023 and an interest rate of 6% per annum. The Second Artesian Note provides a maturity date of September 3, 2022 and an interest rate of 3% per annum. Moye White LLP acted as legal advisor to Guffey in the transaction.

Rhino Biotech Limited (OTCPK:RBRX.F) acquired Artesian Valley Farm, LLC from Ronnie D. Guffey on November 3, 2021. Consideration of shares are issued on November 3, 2021.