BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF), a producer of cannabinoid-infused beverages, will buy Naturo Group Investments Inc., a beverage developer and manufacturer.
The two companies executed a definitive agreement from Dec. 11.
Once the transaction is over, Naturo will become a wholly-owned subsidiary of the BevCanna, which will continue to run a joined business of both companies.
This means that BevCanna will now own a portfolio of both ordinary and cannabis-based beverages and wellness products.
Bevcanna agreed to issue 50 million of its shares to purchase all shares of Naturo, and the agreement requires various conditions …