PureK To Acquire BudaPets All-Natural Pet Wellness Brand
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...
Source: benzinga.com