Crescent River Agriculture LLC entered into a definitive stock purchase agreement to acquire Royal Hawaiian Resources, Inc. from Royal Hawaiian Orchards, L.P. (OTCPK:NNUT.U) for $0.22 million on June 30, 2016. The transaction is conditional on all waivers, consents, approvals and actions or non-actions of any governmental entity and of any other third party, all employees of Royal Hawaiian Resources shall have been, or will be effective as of the time of closing, terminated or transferred to the payroll of Royal Hawaiian Orchards or another entity other than Royal Hawaiian Resources and Crescent River Agriculture shall have completed, and in its sole discretion be satisfied with the results of its due diligence investigation of Royal Hawaiian Resources. The terms of the transaction were approved by the disinterested directors of Royal Hawaiian Resources. The closing shall take place on or before September 1, 2016. Crescent River Agriculture LLC completed the acquisition of Royal Hawaiian Resources, Inc. from Royal Hawaiian Orchards, L.P. (OTCPK:NNUT.U) on June 30, 2016.