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Pangea Natural Food, Inc. ( (TSE:PNGA) ) has issued an announcement.
Pangea Natural Foods Inc. has announced a non-binding letter of intent to acquire Amino Innovations Corp, a company specializing in innovative peptide therapies for health and wellness. The proposed transaction involves a share exchange whereby Pangea will issue 12,000,000 common shares to acquire all of Amino’s shares, resulting in Amino shareholders owning approximately 45.5% of Pangea. This acquisition aligns with Pangea’s strategy to expand its product portfolio into the growing sector of peptide-based health solutions, potentially enhancing its market position and offering significant opportunities for stakeholders.
More about Pangea Natural Food, Inc.
Pangea Natural Foods Inc. is a company engaged in the manufacturing and co-packing of health food products and supplements. The company focuses on providing nutritious and functional food items, catering to the growing demand for health-conscious consumer products.
YTD Price Performance: 33.33%
Average Trading Volume: 54,769
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$1.58M
For an in-depth examination of PNGA stock, go to TipRanks’ Stock Analysis page.