C.E. Rick Strattan signed a non-binding letter of intent to acquire specialty fine chemical business from CTD Holdings Inc. (OTCPK:CTDH) for $3.7 million in stock on January 12, 2016. C.E. Rick will buy specialty fine chemical business in exchange for 7.5 million shares of CTD and assumption of some liabilities. The purchased assets will not include CTD's real property. Following the closing, Rick Strattan intends to employ all workers of the specialty fine chemical business. CTD expects the transaction to close in the first quarter of 2016. Wendy Tanaka and Thomas Mulligan of Sitrick And Company acted as public relation advisors for CTD. C.E. Rick Strattan cancelled the acquisition of specialty fine chemical business from CTD Holdings Inc. (OTCPK:CTDH) on January 12, 2017.