Simply Better Brands Corp. Announces Execution of Non-Binding Term Sheet to Acquire the BRN Group Inc.

Under the terms of the nonbinding LOI, the Company will acquire all of ‎the issued and outstanding common shares of BRN for ‎USD$10,000,000 payable in fully paid and non-assessable common shares of ‎SBBC (the “Share Consideration”) at a price per share equal to the 15-trading day volume ‎‎weighed average trading price of the shares on the TSX ‎Venture Exchange‎ in the 15-trading days ‎immediately prior to the closing date (“Closing Date”).‎ The ‎Share Consideration will be escrowed as follows: beginning six-months ‎following the Closing Date and continuing for 12-months thereafter (being ‎‎18-months post-Closing Date), 1/12 of the original Share Consideration ‎released to the holder every month on the monthly anniversary of the ‎Closing Date. Included in the purchase of the BRN Group’s assets is Seventh Sense, an industry-leading topical CBD brand (https://shopseventhsense.com/). Read More