- EarthRenew (ERTH) announces the first earn-out period related to its previously announced acquisition of Replenish Nutrients Ltd.
- As part of the acquisition, EarthRenew agreed to pay the vendors ongoing earn-out payments based on qualifying gross annual revenue of Replenish
- The first earn-out period ending June 30 has resulted in earn-out payments in the aggregate amount of $999,070.00
- $599,441.93 was settled by the issuance of 2,840,957 common shares of EarthRenew
- EarthRenew transforms livestock waste into a high-performance organic fertilizer
- EarthRenew Inc. (ERTH) opened trading at C$0.19 per share
EarthRenew (ERTH) announces the first earn-out period related to its previously announced acquisition of Replenish Nutrients Ltd.
As part of the acquisition, EarthRenew agreed to pay the vendors ongoing earn-out payments totalling up to $7 million based on qualifying gross annual revenue of Replenish, for each of its 12-month fiscal periods ending June 30, 2025.
The first earn-out period ending June 30, 2021, has resulted in earn-out payments in the aggregate amount of $999,070.00. $599,441.93 has been settled by the issuance of 2,840,957 common shares of EarthRenew at a deemed issuance price of $0.211.
EarthRenew transforms livestock waste into a high-performance organic fertilizer to be used by organic and traditional growers in Canada and the United States.
EarthRenew Inc. (ERTH) opened trading at C$0.19 per share.
