Good Spirits Hospitality Limited (NZSE:GSH) has agreed to acquire The Featherston Tavern and Leuven Belgian Beer Cafe and Avida Bar from Russel and Elwyn Scott for NZD 3.5 million on February 17, 2021. The transaction will be funded through a combination of brewery funding, cash on hand and current headroom in GSH’s facilities provided by Pacific Dawn Limited. Good spirit will pay NZD 0.35 million when all the conditions are met. The deal is subject to Approval of Offer by Acquirer Shareholders, Approval of Offer by Acquirer Board, Approval/Consents of Lenders/Creditors and Consummation of Due Diligence Investigation. The deal is expected to complete in Mid May 2021.