Eat & Beyond Global Holdings Inc. (CNSX:EATS) entered into an agreement to acquire 50% stake in Goldbloom Enterprises Inc. for CAD 0.6 million on June 20, 2023. Eat & Beyond will issue an aggregate of 6,000,000 common shares of Eat & Beyond to Goldbloom shareholders at a deemed price of CAD 0.10 per Payment Share. There is no hold period for the Payment Shares or the Replacement Warrants pursuant to applicable securities laws.

The Transaction is an arms-length transaction and no change in management or the Board of Directors of Eat & Beyond is being contemplated at this time. The Definitive Agreement contemplates other material conditions precedent to the closing of the Transaction, including, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange. There can be no assurance that the Transaction will be completed as proposed, or at all.

The company is also acquiring 100% of the outstanding warrants in the capital of Goldbloom Enterprises Inc.