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Replies to post #2696 on Yuengling's Ice Cream Corp (YCRM)
EXIT HORIZON
No matter how much you like what you do, you may reach the day when additional pursuits beckon. Some experiences have been delayed for a lifetime because of your dedication. What good is a life that is not lived fully? CRUZANI can help. As a public company, we are uniquely qualified to identify how you, the hardworking and successful food entrepreneur can convert your business accomplishments into a financial exit package that let’s you go after those other pursuits. In this way, CRUZANI may even be the best way to ensure the continuity of your legacy of achievement – a deeply satisfying approach.
03/14/19 5:21 PM
"The Asset Purchase Agreement included a provision, pursuant to which the Company could unwind the transaction if certain milestones were not achieved."
On June 30, 2018, Supreme Sweets Acquisition Corp. (n/k/a Oventa, Inc.), a subsidiary of the Company, and the Company (collectively, the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Supreme Sweets Inc. and 2498411 Ontario, Inc., as sellers (collectively, the “Seller”), pursuant to which in exchange for CAD $200,000 and a twenty percent (20%) interest in Oventa, Inc., the Company agreed to acquire the trade secret assets of Seller upon the terms and subject to the conditions set forth in the Asset Purchase Agreement. A second closing occurred on July 31, 2018, pursuant to which the Company acquired the furniture, fixtures and equipment of Seller in exchange for CAD $100,000. Seller is engaged in the business of preparing delicious snacks, pastries and baked goods with high quality ingredients for exceptional taste, including low calorie and gluten-free alternatives. The Asset Purchase Agreement included a provision, pursuant to which the Company could unwind the transaction if certain milestones were not achieved. The milestones contemplated in the Asset Purchase Agreement were not met, and accordingly, on February 7, 2019, effective as of December 31, 2018, the Company terminated the Asset Purchase Agreement with Supreme Sweets Inc. and 2498411 Ontario, Inc , by written notice to the Seller, and the Company unwound the transaction. The capital injected into Oventa, Inc., however, has been secured pursuant to financing statements filed on behalf of the Company, and the Company expects to receive a return of its injected capital of approximately US $339,813 during the calendar year 2019. Collectability is based on claims filed for cash that was paid.
The Target is currently on the market for disposition to a third-party buyer on an arms-length basis., which the Company can undertake due to its supermajority ownership.
On September 27, 2018, the Company entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Sandrea Gibson, as seller (the “Seller”), and Recipe Food Co., as the target (the “Target”), pursuant to which in exchange for up to CAD $237,000, the Company agreed to acquire 80% of the issued and outstanding stock of the Target from the Seller upon the terms and subject to the conditions set forth in the Stock Purchase Agreement. Seller is engaged in the business of preparing and serving delicious, healthy meals on a counter-service basis with high quality ingredients, including low calorie alternatives. Difficulties integrating the Target into the Company group, which forced the Company to cease injecting additional capital into the Target. The Target is currently on the market for disposition to a third-party buyer on an arms-length basis., which the Company can undertake due to its supermajority ownership.
08/18/20 1:53 PM
09/10/20 4:06 PM
12/08/20 5:44 PM
" he is going to be different this time ", let's just say that, This sounds familiar, the same was said by some who bought into CZNI when his exploits were brought to light at FLSR. They were sent to the Grey Market while he was CEO, which is while he was ALREADY gone to CZNI.
On 10/2018 Everett Dickson found U.S. Highland Inc. (CRUZANI) www.CRUZANI.com (OTC:UHLN), a business development company that builds and acquires represents popular franchise concepts throughout the United States and internationally. This needs to be understood. During his term (OTC:UHLN) are a fully reporting and audited SEC issuer. Everett Dickson, explains: "CRUZANI’s completed acquisition of key assets of Supreme Sweets Inc. CRUZANI now occupies a 39,000 sq. ft. food production facility, Post certification, the business plan sets out a $25 Million annual sales.
On March, 2018, US Highland/CRUZANI announced that it had acquired 100% of an Atlanta based health-conscious, QSR (Quick Service Restaurant) concept.
05/08/21 5:23 PM
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