Page 4 - Nirvana Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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 unse...

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 debentures, which bear a 3.25% non-compounding interest per year. According to Monday's press release, Nirvana members could also receive earn-out compensation of $500,000, which is obtainable in common share if the Florida company's revenue surpasses $1 million for fiscal 2021. In addition, Nirvana Members are e...