Westcot Ventures Corp. (TSXV:WET.H) entered into a non-binding letter of intent to acquire MMJ Technologies Inc. for CAD 1.1 million on June 7, 2018. As of August 28, 2018, Westcot Ventures Corp. (TSXV:WET.H) entered into a share exchange agreement to acquire MMJ Technologies Inc. Under the terms, MMJ Technologies will receive 2 million common shares of Westcot Ventures on a post stock split basis, and CAD 0.4 million in cash, in exchange for 100% of the issued and outstanding shares of MMJ Technologies. Financing includes completing an offering of units at price of CAD 0.35 per unit for gross proceeds of a minimum of CAD 3 million. The transaction is subject to completion of the Stock Split, completion of the financing, completion of satisfactory due diligence, execution of a definitive agreement between MMJ Technologies and Westcot Ventures, approval of board of directors of MMJ Technologies and Westcot Ventures and approval by Westcot Ventures shareholders. Westcot Ventures Corp. (TSXV:WET.H) cancelled the acquisition of MMJ Technologies Inc. on March 5, 2019.