Golden Grail Beverages Announces Strategic Update on UPDC Beverages Acquisition
GOLDEN GRAIL TECH CORP (GOGY)
NASDAQ:AMEX Investor Relations:
goldengrailtechnology.com
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Source: GlobeNewswire
FT. LAUDERDALE, Fla., Dec. 27, 2024 (GLOBE NEWSWIRE) -- Golden Grail Beverages Corp. (OTC: GOGY the “Company”), a leader in the beverage industry, known for its innovative and sustainable products, announced on December 11, 2024, 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. Mr. Scott Lomo, GOGY CEO, states, “The Company has made the decision that the best course of action is to acquire the operational assets of UPDC Beverages. Our legal team is currently finalizing 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 ou
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