Flash Sports & Media signs non-binding LOI to acquire 51% of Nooa Holdings for $51M in preferred stock

urban-gro, Inc.

Purchase price of $51M payable entirely in Series A Preferred Stock; no cash or common stock at closing.
Target Nooa Holdings generates ~$35M annual revenue from Dubai hotel operations.
Acquisition would bring player/team hosting in-house for Flash's cricket leagues (LPL, MT20, SG20, ZT20).
LOI non-binding; subject to due diligence, definitive agreements, financing, and approvals.
Series A Preferred Stock carries voting rights, convertible after 365 days; potential future spin-out of NOAC.

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