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Aretto Wellness Inc C.ARTO

Alternate Symbol(s):  RRSFF

Aretto Wellness Inc. is a Canada-based company, which is engaged in the business of development, marketing, sales and distribution of proprietary dietary and nutritional supplements and beverages containing herbs and other extracts such as fruits, roots, fungi, and vegetables. The Company sells its suite of products through an omnichannel business strategy direct to consumers and, through distribution partners, to brick-and-mortar retailers. The Company’s products include Chaga Immune, Lion's Mane Focus and Reishi Relax. The Company’s subsidiaries include Rritual USA Inc, JustGo Juice Nutrition Ltd. and JustGo Plant Nutrition Ltd. Rritual USA Inc is engaged in Dietary Supplements. JustGo Juice Nutrition Ltd. and JustGo Plant Nutrition Ltd. are engaged in Smoothie Mixes. It operates in Canada and the United States.


CSE:ARTO - Post by User

Post by KingBillon Jul 27, 2022 1:08pm
232 Views
Post# 34854213

Makes sense....

Makes sense....On July 26, 2021, Force One Marketing Corporation and Force One Capital (together, “Force One”), filed a Statement of Claim against the Company in Ontario with respect to an alleged breach of a stock option agreement granting Force One 1,000,000 stock options exercisable at $0.02. Force One alleges that it was a former consultant of the Company, and says the stock options were granted to it for capital raising and corporate advisory services. Force One is seeking an order for delivery of 1,000,000 Common Shares of the Company and general damages against the Company in the amount of $3,500,000. The Company views the Force One’s claim as largely devoid of merit and the Company will vigorously defend it. The Company has not yet filed a Statement of Defense and no court dates have been set. Although management believes that the claim by Force One is without merit, defending the claim may be costly. If Force One’s action is successful against the Company, it could result in the Company’s business, operating results and financial condition being materially adversely affected.
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