Better For You Wellness, Inc. acquired Mango Moi, LLC from Amanda Cayemitte and Yapo M'be for $0.60 million
May 25, 2022
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Better For You Wellness, Inc. (OTCPK:BFYW) entered into a non-binding letter of intent to acquire Mango Moi, LLC from Amanda Cayemitte and Yapo M'be on February 11, 2022. As of April 29, 2022 Better For You Wellness, Inc. entered into a definitive agreement to acquire Mango Moi, LLC. Better For You Wellness, Inc. (OTCPK:BFYW)Company agreed to pay the Sellers a purchase price consisting of $0.60 million worth of shares of the Company's common stock, par value $0.0001 per share which consists of 11,000,000 shares of common stock (the "Company Common Stock"), with 5,720,000 shares of Company Common Stock issued to Amanda Cayemitte and 5,280,000 shares of Company Common Stock issued to Yapo M'be. Pursuant to the Employment Agreement, which is to be effective as of 45 days from the signing of the definitive agreement, Better For You Wellness, Inc. agreed to employ Amanda Cayemitte as the Chief Visionary Officer of Mango Moi and engaged Yapo M'be as a consultant to provide manufacturing services for Mango Moi.
Better For You Wellness, Inc. (OTCPK:BFYW) completed the acquisition of Mango Moi, LLC from Amanda Cayemitte and Yapo M'be on May 26, 2022.
Better For You Wellness, Inc. operates a dual buy-and-build model within the wellness industry. The Company, through its wholly owned subsidiary, builds and operates digitally native, mission-driven brands within the clean beauty sector, including Mango Moi. It evaluates the wellness industry in six goals-based categories: better health, better fitness, better nutrition, better appearance, better sleep, and better mindfulness. The Company is engaged in exploring and evaluating various business opportunities in the food, beverage, and consumer packaged goods (CPG) categories. The Company's subsidiaries include Glow Market LLC and Mango Moi, LLC. Glow Market LLC owns and operates Better Suds soap brand. Mango Moi, LLC offers a natural skincare and body care product line with naturally clean ingredients to soothe dry skin, eczema, psoriasis, and cracked skin. Its products are produced using various ingredients, including mango butter, baobab oil, kukui nut oil, and murumuru butter.
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