UPD Holding Corp. (OTCPK:UPDC) entered into a letter of intent to acquire Vital Behavioral Health Inc. for $1 million on October 6, 2020. As part of consideration, UPD Holding will issue 15 million newly issued common shares to the Vital shareholders. The transaction is subject to due diligence investigations by the parties, the negotiation and execution of a definitive agreement, Vital shareholders and satisfaction of the closing conditions.