Golden Grail Beverages Announces Termination of UPDC Beverages Asset Purchase Agreement
Golden Grail Beverages (OTC: GOGY) has announced the termination of its asset purchase agreement with United Product Development (UPDC Beverages). The transaction, initially announced on December 11, 2024, and revised on December 27, 2024, will not proceed following mutual agreement between both parties.
CEO Scott Lomu stated that while the company maintains its commitment to strategic growth initiatives, proceeding with this transaction was deemed not in the best interests of shareholders. The termination will not affect Golden Grail's ongoing operations or its commitment to expanding its beverage portfolio through other strategic initiatives.
The company continues to focus on acquiring, innovating, and scaling its diverse portfolio of beverages, with an emphasis on sustainability and consumer engagement.
Golden Grail Beverages (OTC: GOGY) ha annunciato la cessazione del suo accordo di acquisto di attivi con United Product Development (UPDC Beverages). La transazione, inizialmente annunciata l'11 dicembre 2024 e rivista il 27 dicembre 2024, non procederà a seguito di un accordo reciproco tra entrambe le parti.
Il CEO Scott Lomu ha dichiarato che, mentre l'azienda mantiene il suo impegno verso iniziative di crescita strategica, procedere con questa transazione è stato ritenuto non nel miglior interesse degli azionisti. La cessazione non influirà sulle operazioni in corso di Golden Grail né sul suo impegno ad ampliare il proprio portafoglio di bevande attraverso altre iniziative strategiche.
L'azienda continua a concentrarsi sull'acquisizione, innovazione e scalabilità del suo variegato portafoglio di bevande, con un'enfasi sulla sostenibilità e sul coinvolgimento dei consumatori.
Golden Grail Beverages (OTC: GOGY) ha anunciado la terminación de su acuerdo de compra de activos con United Product Development (UPDC Beverages). La transacción, anunciada inicialmente el 11 de diciembre de 2024 y revisada el 27 de diciembre de 2024, no se llevará a cabo tras un acuerdo mutuo entre ambas partes.
El CEO Scott Lomu declaró que, aunque la empresa mantiene su compromiso con iniciativas de crecimiento estratégico, se consideró que continuar con esta transacción no era lo mejor para los accionistas. La terminación no afectará las operaciones en curso de Golden Grail ni su compromiso de expandir su portafolio de bebidas a través de otras iniciativas estratégicas.
La empresa sigue enfocándose en adquirir, innovar y escalar su diverso portafolio de bebidas, con énfasis en la sostenibilidad y el compromiso del consumidor.
골든 그레일 음료 (OTC: GOGY)는 유나이티드 제품 개발 (UPDC 음료)와의 자산 매입 계약 종료를 발표했습니다. 이 거래는 2024년 12월 11일에 처음 발표되었고 2024년 12월 27일에 수정되었으며, 양 당사자 간의 상호 합의에 따라 진행되지 않기로 했습니다.
CEO 스콧 로무는 회사가 전략적 성장 이니셔티브에 대한 약속을 유지하고 있지만, 이번 거래를 진행하는 것이 주주에게 최선의 이익이 아니라고 판단했다고 밝혔습니다. 계약 종료는 골든 그레일의 현재 운영이나 다른 전략적 이니셔티브를 통한 음료 포트폴리오 확장에 대한 약속에 영향을 미치지 않을 것입니다.
회사는 지속 가능성과 소비자 참여에 중점을 두고 다양한 음료 포트폴리오의 인수, 혁신 및 확장에 계속 집중하고 있습니다.
Golden Grail Beverages (OTC: GOGY) a annoncé la résiliation de son accord d'achat d'actifs avec United Product Development (UPDC Beverages). La transaction, initialement annoncée le 11 décembre 2024 et révisée le 27 décembre 2024, ne se poursuivra pas suite à un accord mutuel entre les deux parties.
Le PDG Scott Lomu a déclaré que, bien que l'entreprise maintienne son engagement envers des initiatives de croissance stratégique, il a été jugé que la poursuite de cette transaction n'était pas dans le meilleur intérêt des actionnaires. La résiliation n'affectera pas les opérations en cours de Golden Grail ni son engagement à élargir son portefeuille de boissons par d'autres initiatives stratégiques.
L'entreprise continue de se concentrer sur l'acquisition, l'innovation et l'extension de son portefeuille diversifié de boissons, en mettant l'accent sur la durabilité et l'engagement des consommateurs.
Golden Grail Beverages (OTC: GOGY) hat die Beendigung seines Asset-Kaufvertrags mit United Product Development (UPDC Beverages) bekannt gegeben. Die Transaktion, die ursprünglich am 11. Dezember 2024 angekündigt und am 27. Dezember 2024 überarbeitet wurde, wird nicht durchgeführt, nachdem beide Parteien eine gegenseitige Vereinbarung getroffen haben.
CEO Scott Lomu erklärte, dass das Unternehmen sein Engagement für strategische Wachstumsinitiativen aufrechterhält, jedoch die Durchführung dieser Transaktion nicht im besten Interesse der Aktionäre angesehen wurde. Die Beendigung wird die laufenden Geschäfte von Golden Grail oder sein Engagement zur Erweiterung seines Getränkeportfolios durch andere strategische Initiativen nicht beeinträchtigen.
Das Unternehmen konzentriert sich weiterhin auf den Erwerb, die Innovation und die Skalierung seines vielfältigen Getränkeportfolios, mit einem Schwerpunkt auf Nachhaltigkeit und Verbraucherengagement.
- None.
- Failed acquisition attempt of UPDC Beverages' operational assets
- Strategic growth initiative cancellation could impact expansion plans
FT. LAUDERDALE, Fla., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Golden Grail Beverages Corp. (OTC: GOGY) ("Golden Grail" or the "Company"), a leader in the beverage industry known for its innovative and sustainable products, today announced the termination of its previously announced asset purchase agreement with United Product Development Corporation (UPDC Beverages).
The proposed transaction, which was initially announced on December 11, 2024, and subsequently revised on December 27, 2024, to an asset purchase structure, will not be moving forward. After careful consideration and evaluation, both parties have mutually agreed to terminate discussions regarding the potential acquisition of UPDC Beverages' operational assets.
"While we continue to believe in our strategic growth initiatives, we have determined that proceeding with this transaction is not in the best interests of our shareholders at this time," said Scott Lomu, CEO of Golden Grail Beverages. "We remain committed to pursuing strategic opportunities that align with our core business objectives and create value for our stakeholders."
This decision does not affect Golden Grail's ongoing operations or its commitment to expanding its beverage portfolio through other strategic initiatives. The Company will continue to explore opportunities that support its growth strategy and enhance shareholder value.
About Golden Grail Beverages
Golden Grail Beverages is a rapidly expanding company dedicated to acquiring, innovating, and scaling a diverse portfolio of beverages. With a focus on sustainability and consumer engagement, Golden Grail is committed to providing high-quality, energizing, and refreshing drinks to its customers. For more information, visit https://goldengrailbeverages.com/
Forward-Looking Statements
Certain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
Contact Information:
1-561-800-3891
info@goldengrailbeverages.com
https://goldengrailbeverages.com/
FAQ
Why did Golden Grail Beverages (GOGY) terminate the UPDC Beverages acquisition?
When was the UPDC Beverages acquisition initially announced by GOGY?
How does the termination affect GOGY's operations?
What alternative growth strategies will GOGY pursue after the UPDC termination?
