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Toronto, Ontario–(Newsfile Corp. – Might 13, 2022) – ScreenPro Safety Inc. (CSE: SCRN) (OTCQB: SCRSF) (“ScreenPro” or the “Firm”) is happy to announce that it has accomplished the acquisition of Naturevan Diet Ltd. (“Naturevan“), a privately-held British Columbia company, centered on the well being and wellness business. Naturevan has 22 pure well being complement merchandise which might be offered on-line and thru distribution brokers.
The acquisition of Naturevan offers ScreenPro an entry into the well being and wellness house with instant gross sales, an e-commerce workforce, and established gross sales distribution channel. Naturevan is strategic to ScreenPro because it offers instant diversification, development alternatives by way of its gross sales channels and on-line platform, and synergies with Concierge Medical because it offers product choices to shoppers and future expandability of enterprise strains.
“The Firm may be very happy and excited to have Naturevan Diet Ltd. as a part of the portfolio. This can be a nice praise to our present enterprise operations and with the power to promote merchandise by way of e-commerce and retail, this may assist us diversify our income streams. With excessive grade Canadian made dietary supplements, we look ahead to sustained enterprise development within the years to come back,” stated Lena Kozovski, CEO of the Firm.
Transaction Phrases
The Firm, Naturevan and the shareholders of Naturevan have entered right into a share buy settlement pursuant to which the Firm acquired all of the issued and excellent shares of Naturevan for an combination buy value of $2,200,000. The acquisition value was glad by the issuance of an combination of 25,833,333 models (“Items“) of the Firm and $650,000 in money. Every Unit consists of 1 widespread share of the Firm issued at a deemed value of $0.06 per share, and one (1) widespread share buy warrant (“Warrant“). Every warrant is exercisable to amass one (1) widespread share of the Firm at an train value of $0.07 per share for a interval of two (2) years.
Further info of transaction:
- There have been no finder’s charges paid in reference to the transaction
- The ultimate transaction was signed on Might 11, 2022
- Naturevan has zero debt and a constructive working capital place
- The goal is not too long ago included and doesn’t have year-end statements
- The transaction won’t lead to any change of management or new management individuals
Operations of Naturevan
Naturevan has turn into a completely owned working subsidiary of the Firm. The Firm has appointed Lena Kozovski as director, Chief Govt Officer, and Chief Monetary Officer of Naturevan following the closing of the acquisition.
About Naturevan
Naturevan is a supplier of pure well being dietary supplements and merchandise which might be distributed on-line and thru brokers throughout Canada. Naturevan’s merchandise are proudly made in Canada. Canada’s pure well being complement market is globally acknowledged as having first-rate requirements and pointers. To study extra about Naturevan and its merchandise: www.naturevan.ca.
About ScreenPro
ScreenPro is a Screening and Medical Know-how firm that gives turnkey screening options with its proprietary medical alerting software program. ScreenPro’s distinctive entry to a number of producers of high-quality check kits and its strategic partnership with labs in British Columbia, Ontario and Quebec permits ScreenPro to be a full-service nationwide supplier of COVID testing and breast most cancers screening options throughout Canada. As well as, ScreenPro has its personal medical physician and nursing professionals with on the bottom assist workers and transportation, with entry to top quality PPEs to make sure that shoppers are protected in all elements of their testing wants.
For extra info on ScreenPro and different company info, please go to the Firm’s web site at: www.screenprosecurity.com.
For extra details about the Firm, please check with the Firm’s profile on SEDAR at www.sedar.com.
Neither the Canadian Securities Trade (the “CSE”) nor it is Regulation Companies Supplier (as that time period is outlined within the insurance policies of the CSE) accepts duty for the adequacy or accuracy of this launch.
For additional info please contact:
Lena Kozovski, CEO
Electronic mail: [email protected]
Cellphone: 416.901.5611 ext. 204
Ahead-Wanting Statements:
Sure statements contained on this information launch could represent forward-looking info, together with statements referring to expectations relating to the acquisition of Naturevan Diet Ltd., and the long run improvement of ScreenPro’s enterprise. Ahead-looking info is usually, however not all the time, recognized utilizing phrases reminiscent of “anticipate”, “plan”, “estimate”, “anticipate”, “could”, “will”, “intend”, “ought to”, and related expressions. Ahead-looking info entails identified and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking info. The precise outcomes of ScreenPro might differ materially from these anticipated on this forward-looking info due to regulatory choices, aggressive components within the industries through which ScreenPro operates, prevailing financial situations, adjustments to ScreenPro’s strategic development plans, and different components, a lot of that are past the management of ScreenPro. Administration of ScreenPro believes that the expectations mirrored within the forward-looking info herein are affordable, however no assurance could be on condition that these expectations will show to be appropriate and such forward-looking info shouldn’t be unduly relied upon. Any forward-looking info contained on this information launch represents ScreenPro’s expectations as of the date hereof and is topic to alter after such date. ScreenPro disclaims any intention or obligation to replace or revise any forward-looking info whether or not because of new info, future occasions or in any other case, besides as required by relevant securities laws.
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To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/123858
