Houston, San Antonio cos. update plans for cannabis-focused merger, cancel spinoff

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Houston-based Indoor Harvest Corp. (OTCQB: INQD) and San Antonio-based Alamo CBD LLC announced on June 5 a series of updates regarding their plans to create a company focused on medical cannabis. Since the companies announced in January they were working on a potential deal, Indoor Harvest had planned to acquire Alamo and then spin off its vertical produce-related operations. Now, the companies have agreed to no longer pursue the spinoff, among other changes to the deal that was reached in April. Under…


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