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Plandai Biotechnology, Inc. (OTC PINK:PLPL) has announced a binding memorandum of understanding to acquire Good Salt, LLC, which includes the assets and operations of ByoPlanet International and Clean Republic. ByoPlanet specializes in electrostatic cleaning technology that improves disinfection efficiency and reduces chemical usage. This acquisition aligns with Plandai's new strategic direction, focusing on health technology innovation. Additionally, Plandai is preparing for a potential up listing, having completed audits for its fiscal years ending June 30, 2022, and June 30, 2021. The company plans to change its name to ByoPlanet, Inc. and seek a new trading symbol, pending regulatory approval.
Plandai Biotechnology, Inc. (OTC: PLPL) has terminated its asset acquisition agreement with EV Hotel Corp. without incurring any penalties. This decision was mutually agreed upon by both parties. Additionally, the Company has completed a two-year independent audit of its financial statements, which will inform future disclosures and ongoing merger efforts. Plandai seeks to generate shareholder value by merging with entities offering growth opportunities.