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Saturday, September 30, 2023 6:22:06 PM
I received several emails where shareholders are asking for some "deal" details and I'm more than happy to clear up a few things!
1. Auri Inc., as we disclosed, developed and owns its own line of Wellness and Nutraceutical products.
2. Due to 2018 "Hemp Farm Act", we can now LEGALY sell and ship both CBD and THC ( Delta 9) infused products to 48 USA states.
3. Auri Inc ., currently has several pending acquisition deals. One of the deals in Florida, involved a current creditor/owner file for chapter 11 banktruptsy protection. This was done, so that over 15 Million Dollars worth of equipment, inventories and property would be "free and clear", and the sellers would "roll it up" as equity in the new "wholly owned" subsideary of Auri Inc. NOTE: for those who may not know how chapter 11 works, the basic deal is that , the New owners, will pay off the original investment FROM the future cashflows and receivables. ( and that particular company did over 120 million last year, so there is no issues making payments on a few million dollars).
4. Some have commented on the fact that our recent celebrity had a few scrimages with the law, and some other legal issues in the past. My group had workes with some of the greatest celebraties in the world, and while we do focuse on their talents and skills that delivered them to the world stage, we do not forget that they are human and "Life Happens" . Our company celebrates achievements and talents in order to showcase the Positive Wellness and Health enhansements that our porducts deliver , however, we do not condone any criminal actions, violence and overall disrespect to others.
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