Mountain High Acquisitions Corp. (OTCPK:MYHI) signed a letter of intent to acquire Prime Cannabis Zoned Property in Pueblo on July 22, 2014. The deal is subject to, among other things, Mountain High completing customary pre-closing due diligence and signing of a definitive agreement with the vendor.

The parties anticipate signing of a definitive agreement within the next 30 days. Mountain High Acquisitions Corp. completed all pre-closing due diligence related to the acquisition on September 12, 2014, and is expected to close the deal in next 7 to 10 days.