Better For You Wellness, Inc. entered into a non-binding letter of intent to acquire Cannuka, LLC.
November 01, 2021
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Better For You Wellness, Inc. (OTCPK:BFYW) entered into a non-binding letter of intent to acquire Cannuka, LLC on November 2, 2021. Closing the transaction contemplated in the LOI will be subject to completion of due diligence and multiple closing conditions including but not limited to satisfactory receipt of a third party fairness opinion. Pending a definitive agreement, additional terms of the LOI will remain confidential.
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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