The Marquie Group, Inc. acquired 25% stake in SIMPLY WHIM, INC.
September 22, 2022
Share
The Marquie Group, Inc. (OTCPK:TMGI) entered into an agreement to acquire 25% stake in SIMPLY WHIM, INC. for $6.2 million on September 20, 2022. The consideration consists of 666,666,668 shares of common stock of The Marquie Group and a promissory note in the face amount of $2 million. John D. Thomas, P.C. acted as legal advisor to The Marquie Group.
The Marquie Group, Inc. (OTCPK:TMGI) completed the acquisition of 25% stake in SIMPLY WHIM, INC. on September 23, 2022.
The Marquie Group, Inc. is a direct-to-consumer company. The Company specializes in marketing, product development, and media, including a dynamic radio and digital network. It crafts and promote health and beauty solutions that enrich lives, showcased through engaging radio content for its audience. The Company, through its wholly owned subsidiary, Music of Your Life, Inc. (Music of Your Life), produces and delivers radio programming to affiliated modulation (AM), frequency modulation (FM) and high definition (HD) radio stations across the country and around the world over the Internet. The Company operates through three segments: Broadcast, Digital Media, and Health and Beauty. Its radio broadcasting includes the ownership and operation of a syndicated radio network including its affiliated radio stations subscribing to its programming delivery. Its health and beauty operations are owned by Simply Whim, Inc., and include Whim, a beauty brand.