FTI Foodtech International Inc. (TSXV:FTI) signed a non-binding letter of intent to acquire Money Line Sports Inc. on December 6, 2021. The transaction is structured as an equity transaction. It is the intention to sign a definitive agreement.

Transaction is also subject to FTI and Money Line, both submitting to and completing due diligence investigations; both parties obtaining any shareholder approval required, and; MoneyLine providing the two most recent fiscal years of audited financial statements. Transaction is approved with TSX Venture exchange and expected to complete within 30 days.