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
Location
Florida, United States
Transaction Type
Buyout

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