Indoor Harvest Corp. (OTCPK: INQD) and MjLink.com, Inc. have joined forces to create a technology and media platform tailored for the hemp and CBD industry as well as other emerging growth companies.

What Happened

On September 29, Decentral Life, Inc. (OTCPK: WDLF) announced a binding Letter of intent with MjLink.com, Inc., which outlines the purchase of the business, materials and services of MjLink. The joint venture agreement between MjLink and Indoor Harvest Corp will transfer to Decentral Life following the completion of the acquisition. Now, a week later, the companies have signed a joint venture agreement.

The binding LOI outlines the acquisition by Decentral Life of the business, materials and services from MjLink. The Joint Venture agreement between MjLink and Indoor Harvest Corp combines the efforts of these two entities to become part of the business efforts of Decentral Life following the completion of the acquisition.

Why It Matters

The joint venture between MjLink and Indoor Harvest Corp will have the companies collaborate on providing a technology and media platform in which emerging growth companies can get greater access to industry investors and broaden their investor relations capabilities.

"This joint venture between the companies will establish the foundation for future business growth and collaboration with other industry CEOs and thought leaders," Ken Tapp, CEO of Decentral Life said. " I could not be more excited about this joint business venture involving Indoor Harvest and Leslie and his superb team that he's assembled this past year at Indoor Harvest."

INQD Price Action

Indoor Harvest's shares traded 7.1429% higher at $0.0015 per share at the time of writing late Tuesday morning.

Related News

• Indoor Harvest Acquires Majority Control In Metabiogenix USA
• Indoor Harvest Corp. Acquires 369Hemp, Plans To Expand Into Smokable Hemp Market

Photo: Courtesy of Iryna Rahalskaya on Shutterstock