Source: bettermoo(d) Food Corporation.
  • bettermoo(d) Food Corporation (MOOO) acquires 80 per cent of Bella’s Organic GmbH
  • Bella is a privately held Austrian-based vegan and organic cheese products company which relates to bettermoo(d)’s brand
  • bettermoo(d) has to pay $500,000 for the acquisition which will be fulfilled by issuing 362,500 common shares in its capital and a cash payment of $137,500
  • This gives bettermoo(d) control of Bella’s current line of cheese alternative recipes
  • The launch of the full line of products will be available in Europe this summer
  • bettermoo(d) Food Corporation (MOOO) is down 13.89 per cent, trading at $1.24 per share as of 1:50 p.m. ET

bettermoo(d) Food Corporation (MOOO) has acquired an 80 per cent interest in Bella’s Organic GmbH for $500,000.

Bella’s Organic GmbH is a privately held Austrian-based vegan and organic cheese products company.

bettermoo(d) Food Corporation is a beverage company focused on delivering high quality products through online and in-store retail platforms.

The purchase price of the acquisition will be fulfilled by issuing 362,500 common shares and making a cash payment of $137,500.

The company is at arm’s length from Bella’s and its founders. According to bettermoo(d), the acquisition does not constitute a fundamental change of control. The remaining minority interest in Bella’s continues to be held by its founders.

The transaction gives bettermoo(d) control of Bella’s current line of cheese alternative recipes, which includes over ten varieties of camembert and cream cheese alternatives and a smoky parmesan cheese alternative.

To Bell’s benefit, it will obtain access to capital after closing the deal which it will use for expansion and believes it should be able to expand its production and distribution networks to meet the growing European demand.

According to the companies, all products will be rebranded with the bettermoo(d) name and packaging, and all recipes will be reformulated to incorporate bettermoo(d)’s proprietary blend of herbs, specifically formulated to emulate the great taste of milk and traditional dairy products from the Alp regions of Switzerland, France, and Austria.

 The launch of the full line of rebranded and reformulated cheese alternatives will be available for purchase in Europe this summer.

bettermoo(d) Food Corporation (MOOO) is down 13.89 per cent, trading at $1.24 per share as of 1:50 p.m. ET.

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