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Prime Drink Group Announces Major Acquisition
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Prime Drink Group Announces Major Acquisition

Dominion Water Reserves Corp. (TSE:PRME) has released an update.

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Prime Drink Group Corp. has announced a definitive agreement to acquire Triani Canada Inc., a transaction that will not only see the company change its name to ‘Prime Group Corp.’ but will also mark a fundamental change for the business as per CSE rules. The deal involves a $2 million cash payment and significant stock shares, with potential additional stock compensation if Triani meets future EBITDA targets. Triani, known for a range of alcoholic and non-alcoholic beverages, has shown strong growth and sales in the North American market.

For further insights into TSE:PRME stock, check out TipRanks’ Stock Analysis page.

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