- Rritual (RSF) has entered a purchase agreement to acquire JustGo, a wholesaler of premium smoothie mixes
- It will issue 33M shares priced at C$0.07 totalling $2,310,000
- The companies expect to close the transaction on or before February 14, 2022
- Rritual is a functional superfood company that creates plant-based elixirs supporting immunity, focus and relaxation
- Rritual (RSF) is down by 11.11 per cent trading at $0.08 per share
Rritual (RSF) has entered a purchase agreement to acquire JustGo, a wholesaler of premium smoothie mixes.
JustGo has 40 distribution points in B.C. and serves the functional beverage market with six SKUs.
Rritual will issue 33M shares priced at C$0.07 totalling $2,310,000. It will also assume 16,875,000 JustGo warrant share obligations exercisable at $0.20 each by January 28, 2024.
The companies expect to close the transaction on or before February 14, 2022.
“The proposed acquisition represents an exciting opportunity to expand our existing product line and create new functional mushroom and adaptogenic herb-infused smoothies. We also expect the opportunity will allow each business to open up new distribution points and capitalize on production synergies,” stated Warren Spence, CEO of Rritual.
Rritual is a functional superfood company that creates plant-based elixirs supporting immunity, focus and relaxation.
Rritual (RSF) is down by 11.11 per cent trading at $0.08 per share as of 1:59 pm EST.