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PURE HARVEST CORPORATE GROUP, INC.

(PHCG)
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PURE HARVEST CORPORATE GROUP, INC. : Termination of a Material Definitive Agreement (form 8-K)

10/22/2021 | 04:03pm EST

ITEM 1.02. Termination of a Material Definitive Agreement.

On October 22, 2021, the Company provided written notice of termination to Kingpins International, Inc. ("Kingpins") as a result of Kingpins' breach of the Definitive Share Purchase Agreement, as amended, (the "Agreement") between Kingpins and the Company. Per the Agreement, the termination occurred after Kingpins was provided written notice of its breach and given ten (10) days to cure the breach. Kingpins and the Company are currently in discussions to renegotiate terms and settle any potential damages and liabilities arising from Kingpins' breach of the Agreement.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 0,74 M - -
Net income 2020 -6,35 M - -
Net Debt 2020 2,87 M - -
P/E ratio 2020 -3,88x
Yield 2020 -
Capitalization 8,97 M 8,97 M -
EV / Sales 2019 431x
EV / Sales 2020 46,6x
Nbr of Employees 25
Free-Float 86,6%
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Managers and Directors
Matthew D. Gregarek Chairman & Chief Executive Officer
David Burcham President & Director
Alexander Glueckler Chief Financial & Accounting Officer
Peyton Bowman Chief Operating Officer
Donnie Emmi Director