The Sustainable Nutrition Group Ltd (ASX:TSN) agreed to acquire The Ausralian Superfood Company for AUD 3.0 million on December 17, 2021. AUD 1.85 million cash paid in part settlement in late January; and AUD 1.15 million in TSN fully paid ordinary shares only upon the Australian Superfood Company achieving a Gross profit of AUD 1.3 million. The Acquisition is expected to complete on January 28,2022. SLM Corporate Pty Ltd. acted as financial advisor to Bailey Beau Pty Ltd.

The Sustainable Nutrition Group Ltd (ASX:TSN) completed the acquisition of Bailey Beau Pty Ltd on January 31, 2022. As of November 3, 2022, AUD 1.15 million the Earn Out Condition was not satisfied under the terms of the Business Purchase Agreement dated December 15, 2021. Therefore, the TSN Consideration Shares will not be issued.