EV Electra LTD entered into a letter of intent to acquire DrazCanna, Inc. (OTCPK:DZCA) in a reverse merger transaction for $980 million on November 30, 2023. The plan includes a share exchange of EV Electra's outstanding shares of 1,033,368,173 with 2.110546785 EV Electra's outstanding shares for each DrazCanna, Inc.'s shares. The anticipated closing of the reverse merger is expected to occur in next 45 days shortly after year end.