January 11, 2021
Derrimon Trading Company Limited (DTL) has advised that the Company has entered into a definitive agreement to acquire control of the Brooklyn-based operations of FoodSaver New York, Inc. (“FoodSaver NY”), a wholesale food distributor and Good Food For Less, LLC (“Good Food NY”), a specialty supermarket. DTL has also advised that the Company has incorporated a New York subsidiary, Marnock LLC, which will acquire the Brooklyn-based operations of FoodSaver NY and Good Food NY as a going concern. The consideration for these acquisitions will be in the form of both cash and shares with Marnock LLC issuing a 20% minority interest to Oralcrys LLC, an entity beneficially controlled by the former owner-operator of those businesses. The overall consideration upon completion is expected to be valued between USD$8.9 million and USD$9.1 million. For further information visit, www.jamstockex.com
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.