Prime Drink Group Corp finalizes acquisition of Triani Canada Inc.
11/06/24, 10:45 PM
Location
montrealterrebonneIndustry
beverage manufacturing
Prime Drink Group Corp has officially closed the acquisition of all the issued and outstanding shares of Triani Canada Inc. from 9296-0186 Québec Inc. and Angelpart Ventures Inc. The acquisition was completed in consideration of CAD$11,400,000 payable through the issuance of an aggregate of 91,200,000 common shares in the capital of Prime and the issuance of 11,200,000 common share purchase warrants. Additional consideration of up to $23,500,000 may be payable subject to Triani achieving certain EBITDA targets. The company has also filed an updated listing statement regarding its anticipated business post-closing of the transaction and the financial statements of Triani.
Company Info
Location
Montreal, Quebec, Canada
Company info
Prime Drink Group Corp. is a publicly traded company (CSE: PRME) and a leading diversified beverage holding company with a focus on the production and distribution of alcoholic and non-alcoholic beverages across North America. The company is committed to unlocking the full potential of its acquisitions through combined expertise in sales, marketing, and production, aiming for a new era of growth.