High Performance Beverages Company (OTCPK:TBEV) signed a letter of intent to acquire a 51% stake in Columbia Basin Dairy Holdings, LLC on September 7, 2017. Upon completion, all preferred shares of High Performance Beverages will be retired to the treasury. High Performance Beverages will begin to sell the milk produced by a 60 cow dairy herd owned by Columbia Basin Dairy Holdings immediately. High Performance Beverages will seek to close the transaction by executing a definitive agreement within 15 days.