Viva Industries Inc. agreed to acquire 60% stake in the Canadian subsidiary of Rainmaker Worldwide Inc. (OTCPK:RAKR) on February 21, 2023. Viva Industries will re-name it Rainmaker Canada & Caribbean Inc. Michael Skinner will assume the role of Chief Executive Officer of Rainmaker Canada & Caribbean Inc., John Gillis will be the Chief Technical Officer, and Ryan Moore will take on the role of Chief Strategy Officer & VP Business Development. Rainmaker Worldwide Inc. recently received an investment in RAKR in exchange for 150,000 preferred shares, leaving 850,000 preferred shares available.

The transaction is expected to close by April 1, 2023.