Kiaro Holdings Acquires Sculthorp SEO Inc. (Cozy Cannabis)

Kiaro Holdings Corp. agreed to acquire all issued and outstanding shares of Sculthorp SEO Inc. (operating as Cozy Cannabis), including its Toronto retail location and eCommerce platforms Vaped.ca, Vaped.com and VaporizersDirect.com.au, for a total purchase price of $1,350,000 (paid $850,000 in common shares and $500,000 in cash, subject to a $50,000 holdback). The acquisition gives Kiaro immediate entry into the Ontario retail cannabis market and expands its digital/eCommerce footprint into Canada, the United States and Australia.