The acquisition was valued at CAD $1,000,000
Canada based Mondias Natural Products Inc. specializing in evidence-based natural products for the healthcare, bio-agriculture and functional beverages markets has announced that the Company has entered into a Definitive Agreement on March 17th, 2020 to acquire substantially all assets of Érablier Inc. a premium maple water products company from Québec, Canada.
The addition of Érablier, a Premium Plant-Based Water Beverages company will expand Mondias’ natural products-based portfolio and further deliver on its vision to offer consumers healthy and nutritious experiences.
The acquisition was valued at CAD $1,000,000. Mondias to pay an initial consideration of $250,000 by issuing 1,666,667 shares*. Shares issued will be in escrow and released at a rate of 20% for every $1,000,000 of net sales of Érablier products.
Additionally, a 4% royalty rate to be paid on net sales of Érablier products for an additional consideration up to a maximum of $750,000. An advanced royalty payment of $68,500 (applicable to the $750,000 maximum royalty) will be payable when the financial conditions would allow it.
Érablier has developed a premium product made from the organic, and pure processed water obtained from sugar maple tree sap (acer saccharum). In maple syrup water industry reports, data shows that the demand for maple water has grown to exceed 16M Liters in 2018. Consumers who drink maple water, may enjoy the same experience as seen with coconut water.