Portage Plastics Corporation acquired Paradise Plastics, Inc. from Paradise, Inc. (OTCPK:PARF) on June 12, 2020. As of July 16, 2020 Paradise, Inc. making a second distribution to its shareholders, consisting largely of the proceeds from the sale of the plastics business. Company's Board of Directors approved the second distribution in the aggregate amount of $4.00 per share. The second distribution is being paid to shareholders of record as of the close of business on July 20, 2020. While we currently expect to make one or more additional distributions to shareholders. John McDonald of Hyde Park Capital Partners, LLC acted as financial advisor to Paradise, Inc. in the transaction. Portage Plastics Corporation completed the acquisition of Paradise Plastics, Inc. from Paradise, Inc. (OTCPK:PARF) on June 12, 2020.