- Vegano Foods (VAGN) has acquired all of the outstanding shares of SMPL Oats
- Vegano issued 0.89 of one common share to the former shareholders of SMPL for each common share of SMPL
- This acquisition will allow Vegano to operate in the global plant-based beverage market, which is expected to grow to US$22.78 billion by 2027
- SMPL is a beverage company that manufactures plant-based oat milk
- Vegano Foods Inc. is a Canadian plant-based meal box company
- Vegano Foods Inc. (VAGN) opened trading at C$0.08
Vegano Foods (VAGN) has acquired all of the outstanding shares of SMPL Oats.
Vegano issued 0.89 of one common share to the former shareholders of SMPL for each common share of SMPL. The company issued an aggregate of 28,678,680 Vegano Shares to the SMPL Shareholders.
The corporation resulting from the amalgamation, named “SMPL Oats Ltd.”, is a subsidiary of Vegano Foods and will carry on the business of SMPL.
This acquisition will allow Vegano to operate in the global plant-based beverage market, which is expected to grow to US$22.78 billion by 2027.
SMPL is a beverage company specializing in creating innovative oat milk that is dairy-free, gluten-free, nut-free and plant-based.
Vegano Foods Inc. is a plant-based meal box company that operates in Vancouver with plans to expand to Toronto, Montreal, and Los Angeles later this year.
Vegano Foods Inc. (VAGN) opened trading at C$0.08.