PureK Holdings Acquires Nirvana Group (BudaPets) Pet Wellness Brand
April 29, 2021
PureK Holdings Corp. has closed its acquisition of all outstanding membership interests of Nirvana Group, LLC, the Florida-based owner/developer of the BudaPets all‑natural CBD pet wellness brand. PureK issued USD $1.5 million in unsecured convertible debentures as consideration and structured earn-outs (up to USD $1.5 million payable in common shares) tied to 2021–2022 sales milestones; the deal strengthens PureK's pet care product portfolio alongside its PureKana and No B.S. brands.
- Buyers
- PureK Holdings Corp.
- Targets
- Nirvana Group, LLC (BudaPets)
- Sellers
- Current members of Nirvana Group, LLC
- Industry
- Consumer Products
- Location
- Florida, United States
- Transaction Type
- Buyout
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