- Peekaboo Beans has announced a shares purchase agreement for the purchase of Les Petits Terribles Inc. (LPTI)
- The purchase positions PK Beans to expand into a comprehensive wellness brand, complementing the company’s existing sustainable children’s clothing line
- PK Beans has also announced a non-brokered private placement of convertible debenture units to the vendors for aggregate gross proceeds of up to $110,000
- PK Beans is an integrated and innovative children’s wellness brand
- Peekaboo Beans (BEAN) is up 46.67 per cent and is currently trading at $0.11 per share
Peekaboo Beans has announced a shares purchase agreement for the purchase of Les Petits Terribles Inc. (LPTI).
LPTI specializes in healthy snacks and easy, quick meals for children.
The purchase positions PK Beans to expand into a comprehensive wellness brand, complementing the company’s existing sustainable children’s clothing line.
Traci Costa, PK Beans Founder and CEO commented,
“Healthy, on-the-go snacks and meals are what millennial parents are choosing.”
“The industry is skyrocketing. Add to that, our sustainable, high-quality clothing and we become the go-to brand in children’s wellness. We believe what kids put into their bodies is as important as what they put on their bodies,” she added.
Chef Benjamin Gagné, who leads the team at LPTI, described the company’s products, saying,
“Our high-protein, wholefood recipes have no added sugar, salt or artificial ingredients. They satisfy parents who want healthy options without compromising taste and convenience.”
In consideration of the LPTI Shares, PK Beans has agreed to issue 4,000,000 common shares at an issue price of C$0.075 per common share.
PK Beans has also announced a non-brokered private placement of convertible debenture units to the vendors for gross proceeds of up to $110,000. Proceeds will be used for general working capital.
Each unit will be offered at a price of $1,000 and will be comprised of one unsecured convertible debenture and 5,000 common share purchase warrants of the company.
Each warrant will entitle the holder to one common share at a price of $0.15 per share for a period of two years from the closing date of the private placement.
PK Beans is an integrated and innovative children’s wellness brand.
Peekaboo Beans (BEAN) is up 46.67 per cent and is currently trading at $0.11 per share, as of 10:56 am ET.
