SBD Capital Corp. (CNSX:SBD) executed a non-binding Letter of Intent to acquire DRIP Beverages Inc. for CAD 2 million on September 19, 2019. As per the terms, SBD Capital will issue 10 million shares over a three year period, with 1 million issued immediately and the balance to be released quarterly, 3 million warrants exercisable within two years at a price of $0.15 per common share and 1 million options exercisable within two years at a price of $0.15 per common share. These shares, warrants and options are to be provided to the principals of Drip. If all of the warrants and options are converted into SBD common shares along with the 10 million purchase shares of SBD the principals of Drip will effectively own 36% of the resulting outstanding common shares of SBD. This transaction will not result in a change of business for SBD. The companies expect to enter into a definitive binding agreement in the coming weeks.