Naturally Splendid Enterprises Ltd. (
TSX: V.NSP,
OTCQB: NSPDF,
Forum) is pleased to announce that it has executed an Assignment Agreement with Eat Real Snack Foods Canda Ltd (“ERSF”). The Agreement will result in Naturally Splendid acquiring a 100% interest of ERSF.
Under the terms of the agreement, Naturally Splendid will assume all lease payments to acquire certain equipment owned by ERSF. Future payments will amount to $9,765 per month until May 2022, at which point Naturally Splendid will assume full ownership. The Company has already made payments of $56,698 to ERSF and has issued 289,855 common shares of Naturally Splendid. ERSF originally paid over $2,000,000 (CAD) for this packaging line. Further information can be found
here.
Naturally Splendid was recently in the news last month when it
provided a corporate update on 2016 operations.
The Company has 74 million shares outstanding and a market cap of $19.0 million.
FULL DISCLOSURE: Naturally Splendid Enterprises Ltd. is a paid client of Stockhouse Publishing.