Brief: Mamamancini’s Acquires Minority Interest In Chef Inspirational Foods

Mama's Creations

30/06/2022 13:32

June 30 (Reuters) - MamaMancini's Holdings Inc  MMMB.O :
    * MAMAMANCINI’S ACQUIRES MINORITY INTEREST IN CHEF
INSPIRATIONAL
FOODS
    * MAMAMANCINI'S HOLDINGS INC - $1.2 MILLION, IMMEDIATELY
ACCRETIVE
INVESTMENT IS HIGHLY SYMBIOTIC WITH MAMAMANCINI'S SUBSIDIARY T&L
CREATIVE SALADS
    * MAMAMANCINI'S HOLDINGS INC - MAMAMANCINI'S RETAINS OPTION
TO
PURCHASE REMAINDER OF COMPANY WITHIN 12 MONTHS
    * MAMAMANCINI'S HOLDINGS INC - INVESTMENT CONSISTS OF
$500,000 IN
CASH AND $700,000 IN MAMAMANCINI'S COMMON STOCK
    * MAMAMANCINI'S HOLDINGS INC - PROPOSED DEAL FOR IMPLIED
ENTERPRISE VALUE FOR CIF OF $5 MILLION

Source text for Eikon:  ID:nGNX6M9sjN 
Further company coverage:  MMMB.O