MERCURIAL
6 years ago
The company is continuing in due diligence of Tabu Investments Inc., a private reporting company incorporated under the laws of British Columbia. Tabu has secured and is in the process of securing interest in different businesses, and as such the due diligence process has extended the time necessary to finalize a binding agreement. Along with the due diligence, Tabu is providing an independent valuation of the company. The arms-length evaluation is expected to be complete within a month. In anticipation of this, both companies are moving forward with fundamental advancement of future growth. This is reflected in the acquisitions Tabu has announced in recent weeks, available on SEDAR. The company will provide further updates as information becomes available.
Encouraging.
GM26
6 years ago
February 12th, 2018 β Tabu Equity Investments Announces New Agreement
February 12th, 2018 β Vancouver, British Columbia β Tabu Equity Investments Inc. (the βCompanyβ) announces that it has signed a Letter of Intent with OCTAVIA VODKA LTD. allowing TABU to purchase 10% of OCTAVIA with shares issued by TABU, representing a $300,000 purchase price. The company expects to complete a share purchase agreement within 45 days. As part of the deal, OCTAVIA will licence the TABU brand for a special line of vodka, paying TABU an 8% royalty on sales. Further, both companies have agreed to jointly develop an infused vodka product based on current and up and coming rules and regulations regarding infused drinks. Details of which will be announced over the year in time for new regulations regarding infused cannabis beverages. Subsequent transactions may occur over a time span yet to be determined, but it is expected to be part of an overall definitive agreement. Both parties will also explore jointly, the possibility of new variations on infused beverages as they relate to Health Canada regulations.
Tabu Equity Investments Inc. invests in Canadian ACMPR applicants and licensed United States cannabis technology companies, as well as Canadian based support technologies for the cannabis industry. The company website can be found at: www.tabu.co
http://tabu.co/press-release-feb12-2018/