CBDNF - Global Sciences Acquires Go Fast Sports & Beverage Company | Benzinga
DENVER, CO, Oct. 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Global Sciences Holdings, "GLOBAL" (Denver CO), a wholly owned subsidiary of CBD Global Sciences Inc., dba Global Sciences (OTC:CBDNF) (CSE:CBDN) (the "Company"), is pleased to announce that it has closed on the acquisition of Go Fast Sports & Beverage Company ("GO FAST").
On August 1, 2023, GLOBAL executed a share purchase agreement with Go Fast Sports & Beverage Company to acquire 100% of the issued and outstanding shares of GO FAST. GLOBAL and GO FAST closed on the acquisition last week (September 29th, 2023). The purchase price for GO FAST was set at $1,200,000.00 and was paid for with cash and short-term notes issued by GLOBAL. The current management and ownership team at GO FAST will continue to work with GLOBAL to successfully transition the operation to GLOBAL, many of whom will have the ability to join GLOBAL with long-term employment agreements.
Established in 1996, GO FAST has been in business for the past 27 years. GO FAST was made for people who have a passion for living life on the edge and to support the lifestyle of sports enthusiasts. Sales have expanded worldwide to Canada, Mexico, England, and several European countries. GO FAST is a wholesale energy drink company that sells ...