Revitalist Lifestyle and Wellness Ltd. (CNSX:CALM) entered into a binding letter of intent to acquire Ketamine Clinic Located in Jacksonville, Florida US for $0.1 million on October 25, 2021. Revitalist Lifestyle and Wellness Ltd. has executed an asset purchase agreement to acquire Ketamine Clinic Located in Jacksonville, Florida on January 11, 2022. Pursuant to the terms of the LOI, the consideration contemplated for the Acquisition is estimated to be $0.1 million. The consideration is proposed to be payable as approximately $0.04 million in common shares of Revitalist and $0.06 million in cash. The share consideration will be issued at the greater of $0.50/share and the 20-day volume weighted average share price preceding the issue date. The consideration shares will be issued 50% in 12 months and 50% in 24 months following the closing of the Acquisition. Under the contemplated Acquisition, Kalynych will continue to manage the Clinic and utilize his extensive administrative and clinical expertise.

Revitalist Lifestyle and Wellness Ltd. (CNSX:CALM) completed the acquisition of Ketamine Clinic Located in Jacksonville, Florida US on January 11, 2022.