Company ) (TSX Venture: PKAN), along with its majority-owned CBD subsidiary company, PureKana, LLC, (
PureKana ), is pleased to announce that, on February 18, 2021, it has closed on its previously announced acquisition on of all of the outstanding membership interests of No B.S. Life, LLC (
No B.S. Skincare ), an industry-leading clean-formula skin care and beauty company. All figures in this news release are in U.S. dollars, unless otherwise indicated.
No B.S. Skincare was founded to provide consumers a clean and environmentally friendly alternative to the excesses of the beauty industry. No B.S. Skincare’s products are made with potent, plant-based and scientifically proven ingredients and – unlike other skincare solutions - with absolutely no harmful chemicals like parabens, sulfates, or phthalates, and no synthetic fragrances. All of their products are responsibly made in America and are never tested on animals.
Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) and
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE), both posting gains of more than 40% this week.
Sundial Growers Inc (NASDAQ:SNDL) had a roller coaster week. The stock received attention from Reddit investor group r/WallStreetBets, which has over 8 million members. Sundial shares closed nearly 48.5% higher on Monday, dipped Tuesday, but spiked 16% on Wednesday. Gains for the week ultimately surpassed 38%.
As of Jan. 14, 35.79% of the float was short, and the group is known to target buying shares of companies such as
GameStop Corp (NYSE:GME) and
AMC Entertainment Holdings Inc (NYSE:AMC), which are heavily shorted as well.
VANCOUVER, British Columbia, Feb. 01, 2021 (GLOBE NEWSWIRE) PureK Holdings Corp. (the
Company ) (TSX Venture: PKAN), along with its majority-owned CBD subsidiary company, PureKana, LLC, (
PureKana ), is pleased to announce that it has executed a definitive agreement (the
Agreement ) with DTC Brands, LLC (the
Seller ) to acquire all of the outstanding membership interests of No B.S. Life, LLC (
No B.S. Skincare ), an industry-leading clean-formula skin care and beauty company. All figures in this news release are in U.S. dollars, unless otherwise indicated.
No B.S. Skincare was founded to provide consumers a clean and environmentally friendly alternative to the excesses of the beauty industry. No B.S. Skincare’s products are made with potent, plant-based and scientifically proven ingredients and – unlike other skincare solutions - with absolutely no harmful chemicals like parabens, sulfates, or phthalates, and no synthetic fragrances. All of their products are
PureK Holdings Corp. (TSX:PKAN) is taking over skincare and beauty company No B.S. Life LLC.
Under the deal, the Vancouver-based company agreed to pay $500,000 in cash, plus a refundable deposit in the amount of $1.5 million. PureK will pay an additional $1 million in cash once the deal closes.
Through PureK s majority-owned subsidiary, PureKana LLC, it agreed to acquire all of No B.S. s issued and outstanding membership interests.
PureK opted to pay 65% of the purchase price, while PureKana will pay the remaining 35%.
In addition, PureK said it will issue $4 million payable in unsecured convertible debentures, which will carry a 3.25% non-compounding interest.