FT. LAUDERDALE, Fla., Dec. 27, 2024 – Golden Grail Beverages Corp. (OTC: GOGY), known for its innovative approaches within the beverage industry, has recently announced plans for a significant acquisition. On December 11, the company revealed intentions to enter an Asset Purchase Agreement with United Product Development Corporation (UPDC Beverages), a Nevada-based firm.
The acquisition strategy focuses on acquiring UPDC Beverages’ operational assets, as opposed to securing the company as a wholly-owned subsidiary. Scott Lomo, CEO of Golden Grail Beverages, emphasized, ‘The Company has made the decision that the best course of action is to acquire the operational assets of UPDC Beverages. Our legal team is currently finalizing the agreement and expects execution by 2025. This step aligns with our newly defined business focus.’ He further noted the importance of this transaction for paving the company’s strategic direction in 2025.
UPDC Beverages serves as a co-packing partner, specializing in providing services for complex and functional beverages. Their state-of-the-art facility in Naples, Florida is equipped to handle a variety of packaging sizes and types, thereby catering to the diverse requirements of its clients. This operational capability enhances product efficiency and cost-effectiveness.
Once all parties execute the proposed agreement, Golden Grail Beverages plans to provide supplemental disclosures with OTC Markets, Inc. along with a detailed transaction press release.
Additional Information
Golden Grail Beverages is on a growth trajectory focused on acquiring and scaling a vast range of beverage options, committed to sustainability and consumer engagement.
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