WINDSOR, Ontario, March 15, 2021 (Newswire.com) - Emergence Global Enterprises Inc. ("Emergence Global" or the "Company") (CSE: EMRG) (OTCQB: ELOAF), an acquirer, creator, and builder of reputable natural health consumer foods, products, and brands, is pleased to announce that it has completed its acquisition of all of the issued and outstanding capital shares in the capital of Well & Wild Superfoods Ltd. ("Well & Wild") (the "Transaction"). Well & Wild Superfoods is a natural health brand developer providing new and advanced health products for consumers eager to improve their health using natural solutions. Well & Wild's flagship product Cleansify™ is available at natural grocery and supplement stores such as Whole Foods Canada, Healthy Planet, Organic Garage Nature's Emporium, Nature's Source, Choices Market as well as select Foodland (Sobeys) locations and WELL.ca.
The acquisition was completed pursuant to a share purchase agreement (the "Purchase Agreement"), dated March 15, 2021. Under the terms of the Purchase Agreement, the shareholders of Well & Wild (the "Vendor") received aggregate consideration of 500,000 common shares in the capital of the Company ("Common Shares") issued to the Vendor at the closing time. The Price per Share at the close of the market on the day prior was $.90.
According to Joe Byrne, President & CEO of Emergence Global Enterprises, "Well & Wild Super Foods makes an excellent addition as we continue to build on our portfolio of natural health brands and products. We continue to be driven by our mission to help others make a difference in their health, we continue to execute our plan in becoming a global vertically integrated player in the organic, natural food, and supplement marketplace."
Additional information about the Company can be found on SEDAR under the Issuer Profile of "Emergence Global Enterprises Inc." or on OTC MARKETS.
About the Company
Emergence Global Enterprises Inc. ("Emergence") is an acquirer, creator, and builder of reputable natural health consumer foods, products, and brands. Emergence has become a North American developer and distributor of branded natural health foods, supplements and sports nutrition specialty supplements. The Company is currently considering several development projects.
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For further information on the Company, please contact: Joseph Byrne, President & Chief Executive Officer and a Director at phone: 519-257-0460 or by email at: firstname.lastname@example.org.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: closing and the terms and conditions of the proposed transaction; the business and operations of the Company after closing the proposed transaction. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the nutraceutical and botanical industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that the proposed transaction will occur or that the anticipated financial, economic or strategic benefits will be realized.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) or OTC Markets accepts responsibility for the adequacy or accuracy of this press release.
Source: Emergence Global Enterprises Inc.