As mentioned, Pure Harvest Corporate Group, Inc. (OTC: PHCG) announced it has signed a letter of intent to acquire all membership interests of Mixie IP Holdings, LLC and Mixie Labs, LLC. The proposed transaction, which will involve a mix of PHCG preferred equity and warrants, marks the company’s strategic move into AI-powered video, 3D data visualization, and immersive media technologies that serve a range of industries. Once finalized, both Mixie entities will become wholly owned subsidiaries of PHCG, with the parties aiming to complete a definitive purchase agreement and close the deal pending standard approvals and conditions.
“The wealth of IP being acquired, and the experience that comes with it, positions PHCG to explore opportunities in interactive data visualization, digital twin applications, advanced video delivery, and interactive training across several markets,” said Richard Hawkins, Chief Executive Officer of PHCG. “We also see potential to develop new applications that bring video and AI together in more immersive interactive formats including virtual reality.”
Shares of PHCG are currently trading up 14.63% at $0.00459 in early-morning trading.
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