Sweet Season Pty Ltd agreed to acquire Confectionery Business from Funtastic Limited (ASX:FUN) for AUD 1.1 million on January 22, 2021. The transaction include current inventory and all other assets of the Confectionery Business including confectionery brand names and other intellectual property. Adjustments to the sale price will be made in accordance with inbound inventory and customer sales. Revenue of the Confectionery Business for the year ended July 31, 2020 was AUD 4.2 million and net assets of the Confectionery Business amounted to AUD 0.195 million. It is expected that the sale will be finalized prior to the end of the financial half year on January 31, 2021. Sweet Season Pty Ltd completed the acquisition of Confectionery Business from Funtastic Limited (ASX:FUN) for AUD 1.3 million on February 16, 2021.