Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative protein sector has entered into a Letter of Intent to acquire all of the outstanding share capital of Mylk Brands Inc., a British Columbia corporation, and indirectly acquire Mylk's wholly-owned subsidiary Fresh Start Beverage Company which does business as Banana Wave.
Banana Wave is based in Boca Raton, Florida and its beverages are made from fiber-rich oats and real bananas. They are available in five different flavors and all varieties are gluten-free, soy-free, and non-GMO with 90 calories or fewer, and contain vitamin b, potassium, fiber, and protein.
"We are delighted to be able to add Banana Wave to Eat Beyond's roster of portfolio companies" said Michael Aucoin, Eat Beyond CEO, in a statement. "Banana Wave products are truly differentiated in an increasingly competitive dairy alternative category. With truly great flavour and compelling nutritional benefits, we believe the Banana Wave brand is a product on the cusp of greatness."
Steve Gelerman, CEO of Banana Wave said in a statement. "We are delighted to be able to partner with the Eat Beyond team to help realize the true potential of Banana Wave. We have had tremendous early success in building the brand and with the financial resources and advisory capabilities of Eat Beyond, we intend to make Banana Wave a true market leader."
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