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  • Rainy Hollow Ventures has announced that it has filed a filing statement with the TSXV
  • The filing is in connection with the reverse takeover of Rainy Hollow by Sustainable Produce Urban Delivery
  • The transaction is expected to close on April 16, at which time Rainy Hollow intends to change its name to Freshlocal Solutions Inc.
  • Rainy Hollow Ventures is a capital pool company
  • SPUD is a Vancouver-based company that is building a leadership position in the provision of end-to-end grocery e-commerce solutions
  • Rainy Hollow Ventures (RHV.P) is currently trading at $0.28 per share

Rainy Hollow Ventures has filed a filing statement with the TSXV.

The filing statement is in connection with the reverse takeover of Rainy Hollow by Sustainable Produce Urban Delivery.

The reverse takeover, which was previously announced in December 2020 and amended in March 2021, is expected to close on or before April 16, 2021.

Rainy Hollow intends to change its name to "Freshlocal Solutions Inc." and upon completion of the transaction, the combined entity will carry on the current business of SPUD.

SPUD CEO Peter van Stolk commented,

"Our team at SPUD is excited to have reached this important milestone for our business."

He added,

"We look forward to completing the final steps required to list the common shares of Freshlocal Solutions on the TSX, to building on our success in securing new long-term partners for our FoodX Technologies SaaS-based eGrocery management solution on a global basis, and the continued expansion of our SPUD.ca consumer eGrocery business."

Rainy Hollow is a capital pool company whose principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

SPUD is a Vancouver-based company that is building a leadership position in the provision of end-to-end grocery e-commerce solutions. SPUD operates two primary businesses, FoodX and eGrocery, both of which support its corporate mission.

Rainy Hollow Ventures (RHV.P) is currently trading at $0.28 per share.

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