Healthcare Integrated Technologies, Inc. (OTCPK:HITC) signed letter of intent to acquire Glass 8 Holdings, LLC for $1.5 million on February 16, 2024. As a part of consideration, Healthcare Integrated Technologies, Inc. will issue 8 million common shares and assume a bridge loan of $1.1 million. Glass 8 Holdings, LLC reported a revenue of $30 million for the year ending December 31, 2023.

The closing of the transaction is subject to successful completion of due diligence, negotiation of a definitive agreement, regulatory approvals, and the approval of the transaction by the respective boards and stockholders of both companies.