Nabati Global Foods Inc. entered in an agreement to acquire Nabati Foods Inc. from Eat Beyond Global Holdings Inc. (CNSX:EATS) for CAD 9.3 million on January 19, 2021. Pursuant to the terms of the share exchange agreement, in consideration for the transaction, Nabati Global Foods issued an aggregate of 14 million common shares of the company to the shareholders of Nabati at a deemed price of CAD 0.50 per consideration share. In addition, the company has assumed all obligations of Nabati in connection with certain outstanding convertible notes in the aggregate principal amount of CAD 2.35 million, which notes entitle the holders thereof to acquire approximately 6.7 million common shares at a price of CAD 0.35 per share representing a 30% discount to the Issue Price and 3.4 million common share purchase warrants with an exercise price of CAD 0.625 per warrant representing a 25% premium to the issue price. In connection with the acquisition, BCCO has engaged Mackie Research Capital Corp. pursuant to which the agent has agreed to offer for sale 8 million special warrants of BCCO on a "best efforts" private placement basis at a price per Special Warrant of CAD 0.50 for total gross proceeds of up to CAD 4 million. The Offering is being carried out by BCCO prior to making an application to obtain a listing on the Canadian Securities Exchange. The proceeds of the Offering will be used to fund BCCO's proposed go-public transaction as well as for Nabati's business development, working capital, plant expansion, and to purchase equipment to expand production capacity and develop newproduct lines.

Nabati Global Foods Inc. completed the acquisition of Nabati Foods Inc. from Eat Beyond Global Holdings Inc. (CNSX:EATS) on March 9, 2021.