Deal Snapshot
Eat Beyond to Acquire Non-Dairy Milk Alternative Firm Banana Wave
Tuesday 23 November 2021

Canada-based investment issuer Eat Beyond Global Holdings Inc. (CSE: EATS) (OTC: EATBF) (FSE: 988), which is focused on the global plant-based and alternative protein sector has entered into a letter of intent to acquire all of the outstanding share capital of Canada-based Mylk Brands Inc, and to indirectly acquire Mylk's wholly-owned subsidiary Fresh Start Beverage company d/b/a Banana Wave, a Florida corporation, the firm said.

Banana Wave is based in Boca Raton, Florida. Banana Wave's beverages are made from oats and real bananas. Under the terms of the LOI, in consideration for all outstanding share capital of Mylk, the company is expected to issue 14,470,588 common shares to the existing security holders of Mylk at a deemed price of USD 0.80 per consideration share.

Date Published: 23/11/2021