Northsight Capital Inc. (OTCBB: NCAP) announced the signing of a non-binding Letter of Intent to acquire Stargreen Holdings, LLC, a Los Angeles, California, company ("Stargreen") that currently owns a legal marijuana dispensary license and has entered into agreements to acquire additional businesses that cultivate, manufacture and dispense products to the legal medical and recreational marijuana markets. These agreements are subject to Stargreen securing funding necessary to consummate these acquisitions. As a condition of closing, the LOI requires Stargreen to close, on mutually agreeable terms a minimum investment of $5 million, a maximum of $20 million. NCAP is expected to issue 210 million shares of common stock in connection with the acquisition of Stargreen. In addition, NCAP is expected to issue to the management team warrants to purchase 10% of NCAP's fully diluted common stock, with vesting to be based upon performance milestones. The closing of the acquisition is subject to various conditions, including satisfactory completion of due diligence, Stargreen consummating at closing the minimum $5 million funding on mutually agreeable terms and satisfaction prior to closing of NCAP's preexisting liabilities. Stargreen Enterprises currently owns a legal marijuana dispensary. In addition, it has entered into agreements to acquire products, cultivators and manufacturers serving the legal medical and recreational marijuana markets in compliance with state laws. Stargreen is building a large portfolio of companies to capitalize on industry supply chain economics by producing services and products at each stage. The planned extraction and cultivation operations use state of the art equipment and resource management techniques to maximize quality and profitability while minimizing use of natural resources. Additionally, Stargreen provides real estate financing solutions for tenants involved in the legal marijuana manufacturing and dispensary sector of the industry with expertise in design, construction and financing. Statement from Northsight Capital: "The acquisition of Stargreen will diversify NCAP's business and bring much needed funding into NCAP, along with qualified, experienced management in the Cannabis industry, all of whom have had many successful ventures in the past."