Panacea Life Sciences Holdings, Inc. (OTCQB:PLSH) intends to acquire Sierra Sage Herbs and Halucenex from Melodial Global Health. Sierra Sage has a wide distribution network across the US, including Whole Foods, Walmart, Amazon, and others. Halucenex is a life sciences development company focusing on researching novel psychedelic compounds. The acquisition will be based on 1X trailing 12 months audited sales of Sierra Sage, with a projected $2.0 million of the purchase price payable in cash and the balance in restricted common stock.