Cruzani, Inc. completed the acquisition of 80% stake in 2603088 Ontario Inc. from Sandrea Gibson.
October 01, 2018
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Cruzani, Inc. (OTCPK:UHLN) entered into a binding letter of intent to acquire 80% stake in 2603088 Ontario Inc. from Sandrea (Dee) Gibson for CAD 0.24 million on August 29, 2018. Upon execution of this letter, Cruzani will contribute tranches of up to CAD 0.24 million to Recipe Food to redeem its investors, which may be in the form of cash or securities of Cruzani. The letter of intent may be terminated by, (i) written notice by Cruzani, (ii) execution of a definitive agreement, or (iii) by either party if the transaction has not been consummated by October 31, 2018. Cruzani, Inc. (OTCPK:UHLN) entered into a stock purchase agreement to acquire 80% stake in 2603088 Ontario Inc. from Sandrea (Dee) Gibson on September 27, 2018. The transaction is subject to execution of a definitive acquisition agreement, satisfaction with Cruzani's business, legal, and accounting due diligence investigations and review of Recipe Food Co., execution of employment agreement, all consents and approvals by third parties and all governmental and regulatory filings, authorizations and approvals and other licenses that are required having been obtained.
Cruzani, Inc. (OTCPK:UHLN) completed the acquisition of 80% stake in 2603088 Ontario Inc. from Sandrea (Dee) Gibson on October 2, 2018. Recipe Food Co. will continue to be led by its Founder, Dee Gibson.
Bowmo, Inc. is an artificial intelligence (AI)-powered recruiting company. The Companyâs principal lines of business are direct placement of candidates with employers and recruiting as a service. It offers recruiting software and services through an online AI-driven platform to connect potential candidates to employers for all businesses looking. It provides an intelligent software solution for the staffing and recruiting industry that integrates into existing ATS, applicant tracking systems. It helps to revive the recruiterâs human touch and evolve the candidate sourcing process. The Companyâs bowmo V-RPO is a combination of proprietary AI-based technology for a do-it-yourself sourcing experience, matching candidates to jobs from 200 million potential candidates without having to use keyword searches or Boolean strings. The bowmo V-RPO automates the process with its AI-based matching engine and then provides tools, such as video interviewing and cultural and technical assessments.