Rritual Superfoods Inc. (CNSX:RSF) entered into a purchase agreement to acquire JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others for CAD 3 million on February 8, 2022. Under the terms of the agreement and in consideration for the acquisition of JustGo, Rritual superfoods has agreed to issue 33 million shares of Rritual to the shareholders of JustGo. Rritual has agreed to assume outstanding share purchase warrant obligations of JustGo on a post-closing basis which, if exercised, will result in Rritual issuing an aggregate of 16.875 million warrant shares. Each vendor has agreed that the shares of Rritual shares be subject to voluntary resale restrictions providing that no more than 10% of the original number of shares issued to the vendors on closing will be sold in any one-week period during the first six months from the closing. Kris Mehan, the founder of JustGo, is anticipated to be retained as a consultant of Rritual on a going forward basis for a period of at least one year to oversee the transition and help grow the business on a post-closing basis. In addition to standard closing conditions, closing is subject to a number of other conditions including Rritual receiving a favorable fairness opinion on or before closing from an arm's length accredited valuation firm, the Purchaser being satisfied that its due diligence, analysis and other customary examinations that it has performed regarding the financial position of the Target, Target Subsidiary and the Target Business are consistent and JustGo having at least CAD 0.3 million in aggregate cash assets and at least CAD 0.26 million in working capital immediately prior to the closing. Closing of the acquisition is expected to be on or before February 14, 2022.

Rritual Superfoods Inc. (CNSX:RSF) completed the acquisition of JustGo Juice Nutrition Ltd. from Weiser Global Capital Market Ltd, Treasure Link Enterprises Limited, Manford Limited and others on February 15, 2022.