Emergence Global Enterprises Inc. Announces Acquisition of Edge Nutrition (Canada) Inc.
WINDSOR, ON / ACCESSWIRE / March 10, 2021 / Emergence Global Enterprises Inc. ("Emergence Global" or the "Company") (CSE:EMRG) (OTCQB:ELOAF), an acquirer, creator, and builder of reputable natural health consumer foods, products, and brands, is pleased to announce that it has completed its acquisition of all of the issued and outstanding capital shares in the capital of Edge Nutrition (Canada) Inc. ("Edge") (the "Transaction"), a traditional and e-commerce company of branded all-natural foods, sports and nutrition specialty supplements targeting healthy & active lifestyles, keto, paleo, vegan and fasting conscious consumers. Edge Nutrition ® currently owns and operates a retail location in Windsor, Ontario, along with its e-commerce platform on www.edgenutrition.com. Edge also owns and operates retail brands under BMF Hardcore ® and American Sports Nutrition®. The acquisition was completed pursuant to a share purchase agreement (the "Purchase Agreement"), dated March 10, 2021. Under the terms of the Purchase Agreement, the sole shareholder of Edge (the "Vendor") received aggregate consideration of 525,000 common shares in the capital of the Company ("Common Shares") issued to the Vendor at the closing time. The Price per Share at the close of the market on the day prior was $.85.