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Friday, August 17, 2018 2:33:22 PM
ATLANTA, July 31, 2018 (GLOBAL NEWSWIRE) — US Highland/CRUZANI (OTC:UHLN), a Business development company that builds and acquires franchise concepts, as well as other related businesses, throughout the United States and International markets, has completed legalities to receive possession of key food manufacturing assets and intellectual property from Toronto’s Supreme Sweets bakery, as transacted in Q2 2018. A new US Highland/CRUZANI subsidiary, Oventa Foods www.OventaFoods.com, has already been created and put into place for implementation of new business operations that the transaction provides to UHLN. The completion of the asset acquisition is a powerful and positive development for US Highland/CRUZANI shareholders for two reasons. The transaction provides UHLN with an immediate and substantial increase of net assets that are accretive to the balance sheet. These will be reported formally in the Q2 2018 filings. The transaction also provides a physical manufacturing basis for UHLN to generate and report new sales revenue to shareholders going forward, by means of trend-setting artisan food production, with experienced management.
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