Turbo Holdings Canada, Inc. entered into an asset purchase agreement to acquire Assets of two locations from Shiny Health & Wellness Corp. for CAD 0.8 million.

Turbo Holdings Canada, Inc. entered into an asset purchase agreement to acquire Assets of two locations from Shiny Health & Wellness Corp. (TSXV:SNYB) for CAD 0.8 million on May 26, 2023. The proceeds from the sale will be used for debt repayment.

As set out in the Asset Purchase Agreement the closing of the 2 Shiny Health stores will occur following Turbo Holdings' receipt of their Alcohol Gaming Commission of Ontario (“AGCO”) approvals.