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The Company intends to enter into a definitive Asset Purchase Agreement to acquire and assimilate the operational assets of UPDC Beverages
Golden Grail Beverages Corp, a leader in the beverage industry, known for its innovative and sustainable products, announced, that it would be entering into an acquisition agreement with United Product Development Corporation (UPDC Beverages), a Nevada corporation. To clarify, the Company intends to enter into a definitive Asset Purchase Agreement to acquire and assimilate the operational assets of UPDC Beverages, rather than acquiring the company as a wholly owned subsidiary.
Scott Lomo, GOGY CEO, states, “The Company has decided that the best course of action is to acquire the operational assets of UPDC Beverages. Our legal team is currently finalising the draft of an Asset Purchase Agreement (and related ancillary exhibits) and expects to have the final agreements in place for execution by all interested parties in 2025. Again, this initial transaction under our new management team is part of our recently announced new business focus of the Company. As part of this new strategy, we intend to execute the proposed Asset Purchase Agreement to acquire the operational assets of UPDC Beverages seamlessly. We feel that this transaction is an important initial business move for the Company as it meets our business strategy for 2025. Upon full execution of the proposed Asset Purchase Agreement by all interested parties, we will make the required supplemental disclosures with OTC Markets, Inc. and post a post-transaction press release.”