Maxima Group Inc. (OTCPK:MXMG) acquired City Vines, LLC for $1.2 million in stock on October 17, 2015. As part of transaction, Maxima Group will issue 40.38 million shares of common stock. Richard Cardoza, one of the founders of City Vines has agreed to join the Board and more Board Members from both companies will be added including individuals from the wine Industry. As a result of the acquisition, City Vines, LLC will now operate as a wholly-owned subsidiary of Maxima Group.


Maxima Group Inc. (OTCPK:MXMG) completed the acquisition of City Vines, LLC on October 17, 2015.