Nutranomics Inc. (OTCBB:NNRX) agreed to acquire Nutriband from Gareth Sheridan for $0.03 million in stock on January 26, 2015. Nutranomics wil lissue 3.17 million shares to Gareth Sheridan as consideration. Nutranomics will also make the payment of a perpetual 10% royalty on gross global sales of all Nutriband products to the Nutriband shareholders.

The deal was approved by Bioard of Nutranomics and Nutriband and is subject to all authorizations, consents, orders or approvals from any governmental entity. As of January 29, 2016, Nutranomics Inc. (OTCBB:NNRX) completed the acquisition of Nutriband from Gareth Sheridan.