Cannabinoid Biosciences, Inc. entered into an agreement to acquire Premier information Management, Inc. (OTCPK:PIFR) in a reverse merger transaction on May 13, 2021. The agreement provides that No Reverse Split will take place as part of this transaction and that Premier information may not perform a reverse split for the next 18 months, thereby, protecting the current shareholders' positions. The transaction will result in change of name and ticker symbol. The reverse merger involved a change of leadership and a completely new management infrastructure. Premier information is also pleased to announce that Kareem Davis has been appointed as the company’s President and CEO effective immediately. The transaction will also involve maintaining the company pink current status on OTC Markets.