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Softlab9 Technologies Inc. (CSE:SOFT)(FSE:APO2)(OTC PINK:SOFSF) announced the introduction of new sanitizing wipes by its target acquisition, Clean Go Green Go Inc.. These wipes utilize a patent-pending emulsification technology and are designed for versatility and safety, being non-toxic and biodegradable. CleanGo GreenGo plans to produce up to 250,000 containers monthly to meet anticipated demand. The company has received positive feedback from preliminary customer discussions. A letter of intent for acquisition has been signed, though a definitive agreement is yet to be finalized.
Softlab9 Technologies Inc. (CSE:SOFT)(OTC:SOFSF) announced on October 16, 2020, that it has signed a letter of intent to acquire Kosan Medical Company Ltd. This acquisition will enable Softlab9 to distribute personal protective equipment (PPE) in Canada, including isolation gowns and coveralls, through Kosan Medical's existing medical device establishment license registered with Health Canada. Softlab9 has completed due diligence on the products and believes they meet industry standards. The company is also preparing its application for a proprietary medical device establishment license.
Softlab9 Technologies Inc. (CSE:SOFT)(OTC PINK:SOFSF) has signed a letter of intent to acquire Kosan Medical Company Ltd., a provider of medical-grade PPE. Kosan Medical operates with a network of global suppliers and produces items like N95 masks and hand sanitizers in Vancouver. The acquisition includes existing inventory and a website for selling PPE products. Softlab9 has provided a secured loan of $50,000 to Kosan and aims to finalize the agreement by the end of October 2020, expanding its capabilities in the PPE market amidst ongoing pandemic demands.
Softlab9 Technologies (CSE:SOFT, OTC PINK:SOFSF) has provided a corporate update regarding its acquisition of Clean Go Green Go Inc. The due diligence process is ongoing and has faced delays due to market conditions and developments at CleanGo GreenGo. The company expects to finalize a definitive agreement soon. Softlab9 has shipped over 6000 liters of concentrate, producing 102,000 bottles of cleaners. Agreements for distributing Covid-19 test kits and PPE are in progress. Additionally, 51,546 shares were issued to settle $50,000 of debt.
Softlab9 Technologies has ordered 1,000 Rapid Antigen Test Kits from Zhejiang Orient Gene Biotech to distribute to potential clients in the health sector. The kits are FDA approved in the U.S., TGA approved in Australia, and CE approved in Europe. Although not approved by Health Canada, the company is authorized to sell in regions where the kits are permitted. CEO Rahim Mohamed emphasized the challenge of sourcing such products amid the pandemic. This development reflects Softlab9's strategy to expand its offerings in personal protective equipment and health-related products.
Softlab9 Technologies Inc. (CSE:SOFT)(OTC PINK:SOFSF) issued a correction regarding its acquisition of Clean Go Green Go Inc.. It clarified that the Alberta Securities Commission had no involvement in the transaction. The deal is progressing with an amended letter of intent, aiming for a definitive agreement by October 15, 2020. CleanGo reports increased sales of its cleaning solutions amid COVID-19 concerns, particularly its effective fogging technology. CEO Rahim Mohamed emphasized the urgency of completing the acquisition in preparation for flu season.
Softlab9 Technologies (CSE:SOFT)(OTC PINK:SOFSF) announced an extension from the ASC to finalize its acquisition of CleanGo GreenGo Inc.. The deal is progressing, with a definitive agreement expected by October 15, 2020. CleanGo has reported increasing sales and is capitalizing on the ongoing demand for sanitation solutions amid the COVID-19 pandemic. Their innovative fogging technology effectively sanitizes large areas with minimal disruption. CleanGo's range of products includes FDA-approved hand sanitizer, targeting both commercial and consumer markets.
Softlab9 Technologies Inc. (CSE: SOFT; OTC PINK: SOFSF) announced a distribution agreement with HEG, S. de C.V. to distribute personal protective equipment (PPE) across the USA and Canada. Signed on August 25, 2020, this agreement grants Softlab9 exclusive rights to distribute various levels of isolation gowns, coveralls, and surgical masks in Canada. The company aims to secure regulatory approvals from Health Canada and the FDA to commence sales. Softlab9 anticipates executing a definitive agreement by September 30, 2020, and aims to distribute 300,000 gowns and 1,000,000 masks weekly.
Softlab9 Technologies Inc. has signed an agreement with Emergence Technology PTY LTD for exclusive sub-distribution rights to five COVID-19 Rapid Test Kits. These kits, manufactured by various companies in China, target regions including the US, Caribbean, Italy, Spain, and Portugal. Softlab9 is required to meet sales targets for exclusivity. A definitive agreement is expected by September 15, 2020. The test kits demonstrate high specificity and varying sensitivity rates, with the company aiming to penetrate the COVID-19 testing market, thus creating a potential new revenue stream.
Softlab9 Technologies Inc. (CSE:SOFT) announced that its acquisition target, Clean Go Green Go Inc., signed a supply agreement with CBIO Brand Distribution International Inc..
This agreement allows CleanGo to provide bulk concentrate for CBIO's EPA-approved SaniGenix Naturals disinfectants.
CleanGo's products, known for their non-toxic and biodegradable properties, have previously shown efficacy against human coronavirus.
This strategic partnership aims to enhance CleanGo's market presence and bolster CBIO's product line amid rising demand for effective sanitizers.
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