Winning Brands Corporation (OTCPK : WNBD) entered into a letter of intent to acquire Assets and Imersive Gesture Control Business of GestureTek Systems Inc.

Winning Brands Corporation (OTCPK : WNBD) entered into a letter of intent to acquire Assets and Imersive Gesture Control Business of GestureTek Systems Inc. on January 15, 2022. As of May 19, 2022 The Ontario Superior Court of Justice has granted a motion to order and approve the acquisition. The approval and vesting order is subject to a 10-day appeal period, following which a court appointed receiver will have responsibility to deliver to Winning Brands Corporation a Receiver's Certificate confirming the performance of certain procedural details, after which the transaction shall be declared closed.

These final tasks are targeted for completion in June 2022. This timing will permit sales of GestureTek products and services to be reflected in Winning Brands public filings for the reporting period starting Q3 2022.