PriceSensitive

Vegano (CSE:VAGN) terminates transaction and changes director

Consumer
CSE:VAGN
25 August 2022 16:45 (EDT)

Source: Vegano Foods Inc.

Vegano Foods (VAGN) has terminated the letter of intent with Tality Kombucha Corporation and announced a new company director.

Vegano was to complete a share purchase transaction to acquire all the outstanding share capital of Tality Kombucha. It would have been Vegano’s second acquisition and a pivotal step in the evolution of the company’s healthy beverage division.

The company also announced the resignation of Juliana Daley as a director effective last month. As a result, Vegano brought Luka Petkovic on board as a director in place of Daley.

Petkovic is a corporate finance professional who has worked with various public companies providing structuring, corporate finance, product development, and supply chain management services.

He has advised on a number of successful go-public transactions in his early career and is focused on the cannabis, technology, and food sector. His appointment is still subject to Canadian Securities Exchange approval.

Vegano is a Canada’s plant-based online marketplace company operating in Vancouver. Founded in March of 2020, it helps make healthy plant-based eating more accessible to Canadians. Vegano sources high-quality products to make for easy plant-based shopping all on one website.

Vegano Foods Inc.(VAGN) is down 14.29 per cent and is trading at $0.03 per share as of 3:43 p.m. ET.


Related News