Toron, Inc. (OTCPK:TRON) entered into a letter of intent to acquire InMed Group, Inc. on March 5, 2017. Toron amended the letter of intent on June 13, 2017 and October 8, 2017. On 29 September 2017, Toron received a Letter of Intent for $11 million in equity from Flagship Properties for financing the transaction. Toron finalized the amended financing agreement on April 27, 2018. InMed recorded net sales of approximately $87 million and posted an EBITDA of approximately $7.6 million for the year ended December 31, 2016. Toron, Inc. (OTCPK:TRON) completed the acquisition of InMed Group, Inc. on September 17, 2018. InMed generated revenues of approximately $92 million in 2017.