Nutritional High Acquires 51% Stake in SolDaze (Tres Ojos Naturals)
January 29, 2019
Nutritional High International Inc. has entered into a letter of intent to acquire a 51% controlling interest in Tres Ojos Naturals, LLC d/b/a SolDaze for total gross consideration of USD $1,530,000, consisting of $450,000 cash and the balance in common shares. Nutritional High has an option to acquire the remaining 49% between months 24 and 36 following closing (priced at six times EBITDA), and intends to use the deal to strengthen its California product portfolio and distribution capabilities for cannabis-infused edibles.
- Buyers
- Nutritional High International Inc.
- Targets
- SolDaze (Tres Ojos Naturals, LLC)
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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