- Vejii Holdings has completed its acquisition of VEDGEco USA Inc.
- Vejii issued an aggregate of 12,865,000 common shares with a deemed value of C$4,502,750
- VEDGEco is a leading online business-to-business (B2B) wholesale platform for plant-based products
- Vejii is a unified digital marketplace and fulfillment platform featuring thousands of plant-based and sustainable-living products
- Vejii Holdings Ltd. (VEJI) opened trading at C$0.20 per share
Vejii Holdings (VEJI) has completed its previously announced acquisition of VEDGEco USA Inc.
VEDGEco is a leading online business-to-business (B2B) wholesale platform for plant-based products.
Vejii has acquired 100 per cent of the issued and outstanding shares of VEDGEco for US$6,250,000. Vejii issued an aggregate of 12,865,000 common shares with a deemed value of C$4,502,750.
The remainder of the purchase price will be paid in earn-out payments of common shares to be issued to the vendors upon VEDGEco meeting certain milestones as set out in the purchase agreement.
Kory Zelickson, CEO of Vejii sat down with Caroline Egan to discuss the successful transaction.
The acquisition will allow Vejii to leverage VEDGEco’s existing facilities in Hawaii, Northern California and Georgia, while providing VEDGEco with access to Vejii’s facilities in Texas, Wisconsin, and its soon-to-be operational third-party logistics operation in Southern California.
Vejii is a unified digital marketplace and fulfillment platform featuring thousands of plant-based and sustainable-living products from a growing list of hundreds of vendors.
Vejii Holdings Ltd. (VEJI) opened trading at C$0.20 per share.