GelStat Corp. (OTCPK:GSAC) signed a definitive agreement to acquire Mastix Medica LLC on June 5, 2014. Robert Estey, Founder and Chief Executive Officer at Mastix Medica, will join the management team of GelStat Corp.

The deal is expected to close on or before July 7, 2014. The acquisition is expected to add $2 million in revenue in the second half of 2014.