Better For You Wellness acquires assets from The Ideation Lab for 300K Series A Preferred Shares

Better For You Wellness, Inc.

Purchased assets include coffee inventory, equipment, and swag items from The Ideation Lab.
Issued 300,000 Series A Preferred Shares at $0.01/share as consideration.
Agreement effective Dec. 4, 2023, executed March 25, 2024; excludes specified liabilities.
Press release furnished March 28, 2024, providing business updates (details not in filing).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Better For You Wellness, Inc. entered into Amended and Restated Asset Purchase Agreement with The Ideation Lab, LLC valued at 300,000 shares of Series A Preferred Stock (effective 2023-12-04).

Action: entry
Agreement: asset purchase
Counterparty: The Ideation Lab, LLC
Value: 300,000 shares of Series A Preferred Stock
Effective: 2023-12-04

Exact text from the filing

On March 25, 2024, Better For You Wellness, Inc., a Nevada corporation (the “ Company ”), entered into an Amended and Restated Asset Purchase Agreement (the “ Agreement ”) with The Ideation Lab, LLC, an Ohio Limited Liability Company (“ TIL ”) pursuant to which the Company agreed to purchase assets owned by TIL for 300,000 shares of the Company’s shares of Series A Preferred Stock.

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Source: SEC EDGAR

accession 0001575872-24-000292

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