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New Cannabis Products: Three Beverages To Chill Out This Summer
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Purek Holdings Corp Closes Acquisition Of BudaPets All-Natural Pet Wellness Brand
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PureK Holdings Corp. (TSXV: PKAN) plans to acquire the BudaPets brand.
The Vancouver company will purchase Nirvana Group LLC, a Florida-based producer and distributor of all-natural pet wellness products.
Under the deal, PureK agreed to issue $1.5 million in unsecured convertible. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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.
CBD brand | Benzinga
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