Indoor Harvest Corp. (OTCPK:INQD) entered into a letter of intent to acquire Alamo CBD, LLC for $3.3 million on January 3, 2017. As on April 20, 2017, definitive share exchange agreement was signed. Under the terms of the agreement, Indoor Harvest will sell 25,280,027 shares of common stock of Indoor Harvest in exchange for the transfer of such securities by the members of Alamo. Upon completion, Alamo will be merged with and into Indoor Harvest and will retain 60% in the merged company, whereas, Indoor Harvest will hold 40% in the merged entity. It is expected that the total number of shares to be issued to Alamo CBD, LLC will be 25.3 million shares of common stock and that the total capital stock of Indoor Harvest Corp after combination will be 41.9 million shares of common stock. As on June 5, 2017, under the revised agreement Indoor Harvest Corp. will issue 7.584 million shares for the transaction. Apart from this, Indoor Harvest will spin off its assets related to its engineering, procurement and construction operations and its produce related operations prior to the merger with the merged entity. Upon completion of the spin-off and merger, the two surviving companies will operate independently. In a related transaction, Alamo has signed an agreement with Vyripharm Enterprises, LLC to form a joint venture for pharmaceutical cannabinoids research and it is planned Alamo will have the right to Indoor Harvest’s patent pending bio manufacturing platform which it will then use in connection with the planned joint venture. Following the closing date, Indoor Harvest Corp will undertake a name change to Cyribelam Pharmaceuticals, Inc., or such other new name as may be determined by Alamo CBD. As of August 4, 2017, Indoor Harvest Corp (OTCPK:INQD) signed a definitive agreement with Alamo CBD, LLC. The transaction is expected to close in August 15, 2017. At the closing, Indoor Harvest shall have delivered to Alamo CBD letters of resignations from John Choo, Chad Sykes, John Zimmerman, and Pawel Hardej from their positions as officers and Directors of the company. Following the closing date, the exiting officers and Directors of Indoor Harvest Corp will be forming a new company, to be named “The Harvest Group”, which company intends to do business as “Indoor Harvest”. The officers and Directors of Alamo CBD, LLC will replace the Officers and Directors of Indoor Harvest, with the Officers and Directors of Indoor Harvest, managing the operations of the spin-off assets and operations. The transaction is subject to the regulatory approvals, approval of the Board of Directors of Alamo and Indoor Harvest, execution of the definitive agreement, approvals of the shareholders of Alamo and Indoor Harvest, Indoor Harvest will be required to raise up to $1 million in capital by February 15, 2017, to pay off all of its existing debt including convertible notes and to complete the proposed spin-off and sufficient working capital on hand to complete the transaction. The transaction is also subject to satisfactory completion of due diligence by Alamo CBD, total number of issued and outstanding shares of Indoor Harvest shall be 41,953,378 shares of common stock after the closing and all of the issued and outstanding Alamo CBD Interests shall be owned by Indoor Harvest. As of February 16, 2017, Indoor Harvest and Alamo CBD agreed to extend the February 15, 2017 deadline for Indoor Harvest Corp to raise, up to $1 million in capital, to pay off all existing debt, including convertible notes, owed by Indoor Harvest and to complete a spin-off of Indoor Harvest’s produce related operations, for a period of 28 days. The new date shall be March 15, 2017. It is expected that, the definitive agreement between the parties will be entered into on or before February 15, 2017. As of March 16, 2017, all the pre-conditions have been sufficiently met to proceed to a definitive agreement. As on April 20, 2017, the Board of Directors of Indoor Harvest has unanimously approved the agreement. The transaction is expected to close no later than April 1, 2017. As of March 16, 2017, transaction is expected to close no later than March 31, 2017. As of April 20, 2017, completion of the transaction is anticipated to occur in the second quarter of 2017. Richard A. Friedman of Sheppard Mullin Richter & Hampton, LLP acted as legal advisor for Indoor Harvest.