Bigfoot Project Investments Inc. a public company traded on OTC Markets under the ticker symbol BGFT
has identified a merger candidate that will enhance the project platform of the company.
Initial due diligence has been completed by Veyo Partners.
Negotiations are underway for the terms on the Letter of Intent (LOI) which will allow the due diligence for the merger to proceed.
The merger candidate has provided financials from 2017 showing gross revenue of 3 million, year to date financials for 2018 show gross revenue of 3.7 million.
Key personnel from both companies are meeting to discuss and finalize the LOI.
After the LOI is in place the companies plan on moving forward with the merger negotiations.