Brief: Hemply Balance Signs Letter Of Intent To Acquire Polish Hemp Juice

Hemply Balance Holding AB (publ)

20/12/2021 08:54

Dec 20 (Reuters) - Hemply Balance Holding AB (publ)
 HMPLY.NGM :
    * HEMPLY BALANCE SIGNS LETTER OF INTENT TO ACQUIRE POLISH
HEMP
JUICE
    * TO ACQUIRE 100% OF SHARES IN HEMP JUICE.
    * HEMP JUICE REPORTED SALES OF EUR 156,000 IN 2020, SEES
SALES OF
ABOUT EUR 390,000 FOR 2021
    * PURCHASE PRICE FOR HEMP JUICE CONSISTS OF CASH PAYMENT
DIVIDED
BETWEEN YEARS 2022-2024 OF EUR 220,000
    * PURCHASE PRICE FOR HEMP JUICE INCLUDE SET-OFF ISSUE OF
120,000
SHARES IN HEMPLY BALANCE AT A SHARE PRICE OF SEK 24.5
    * ACQUISITION IS EXPECTED TO BE COMPLETED IN JANUARY 2022
    * POSSIBLE EARN OUT OF UP TO EUR 470,000 OVER FOUR YEARS

Source text for Eikon:  ID:nMFNbYdgW0 
Further company coverage:  HMPLY.NGM 

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