Shiny Health & Wellness Corp. (TSXV:SNYB) signs a letter of intent to acquire 10 adult use cannabis retail stores of Stash & Co. for CAD 1 million on October 27, 2023.

Aggregate purchase price equal to CAD 1,000,000; CAD 800,000 in cash and CAD 200,000 in common shares in the capital of SNYB. As part of this transaction SNYB will be the sole owner of the Stash & Co. brand and trademark and the dispensaries will not be rebranded and remain Stash and Co.

Stash & Co. Stash & Co. will have the option, exercisable within 90 days after the closing date, for Karan Someshwar Holla to have a directorship on the board of directors of SNYB., subject to approval by the TSXV.

All current Stash & Co. customer-facing retail employees will continue providing services and will join SNYB. The purchase transaction is subject to customary AGCO approvals.

The Company and SC have agreed to a 30-day due diligence period to review pertinent information to consummate the purchase, plus a 90-day exclusivity period until such time that they sign a definitive transaction agreement for the acquisition. As of December 14, 2023, Shiny Health & Wellness Corp. (TSXV:SNYB) signed asset purchase agreement to acquire 10 adult use cannabis retail stores of Stash & Co.

for CAD 1 million.