HPC Acquisitions, Inc. (OTCPK:HPCQ) acquired substantially all the assets of M&G Packing, Inc. for $0.85 million on October 18, 2017. Under the terms of agreement, the total purchase price for the transaction is $0.85 million, which was paid $0.42 million in cash and $0.42 million in the form of promissory note secured by the real property that bears interest at the rate of 6% per annum with interest only payable monthly and all principal and interest due 18 months from the close of escrow. HPC issued a cashier’s check sum of $5000 to M&G Packing and also deposit in escrow with Chicago Title Company the balance of purchase price will be paid as $0.42 million on or before 10 days of signature of the agreement as a refundable deposit and $0.37 million additional funds payable on close of escrow dated October 24, 2017. Upon completion, M&G Packing will operate under the same name as a wholly owned subsidiary of Vegalab. HPC Acquisitions, Inc. (OTCPK:HPCQ) completed the acquisition of substantially all the assets of M&G Packing, Inc. on October 18, 2017.