Brief: Jupiter Wellness Says Signed Non-Binding Letter Of Intent With Justcbd And Affiliates To Purchase 51% Of Justcbd For $30 Mln In Cash - SEC Filing

Bonk

20/04/2021 14:08

April 20 (Reuters) - Jupiter Wellness Inc  JUPW.O :
    * JUPITER WELLNESS SAYS SIGNED NON-BINDING LETTER OF INTENT
WITH
JUSTCBD AND AFFILIATES TO PURCHASE 51% OF JUSTCBD FOR $30
MILLION IN CASH - SEC FILING
    * JUPITER WELLNESS SAYS JUSTCBD ACQUISITION WOULD ADD
PROFITABLE
COMPANY WITH ABOUT $28 MILLION OF REVENUE IN 2020
    * JUPITER WELLNESS SAYS CO WILL ENTER INTO 3-YEAR MANAGEMENT
OPERATING AGREEMENT WHEREBY KEY MEMBERS OF JUSTCBD MANAGEMENT
TEAM WILL BE RETAINED
    * JUPITER WELLNESS SAYS IN ADDITION, ANTICIPATED THAT
JUSTCBD WILL
RECEIVE REPRESENTATION ON JUPITER WELLNESS' BOARD

Source text: https://bit.ly/32sE5s5
Further company coverage:  JUPW.O 

 ((Reuters.Briefs@thomsonreuters.com;))