Global Sciences' Legacy Distribution Group Acquires Direct Store Distribution Operation From New Age Beverage Corp.

Benzinga Real-time News · 12/20/2022 00:51

CBD Global Sciences Inc. dba Global Sciences (OTCPK:CBDNF) (CSE:CBDN) (Frankfurt:GS3.F) (Munich:GS3.MU) has closed an asset purchase agreement dated September 8, 2022, as amended on December 12, 2022, with New Age Beverage Corporation and NABC Properties, LLC (collectively, "NABC"), to acquire NABC's direct store distribution division, and related leases and assets, as a going concern (the "DSD operation"). The DSD operation consists of operations that have grown over the last 20 years to distribute beverages and snacks to over 5,000 grocers, big box retailers and convenience stores in the Colorado community. Transaction Details Legacy Distribution Group, a wholly-owned subsidiary of

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