Shares Higher as Beverage Company Provides Acquisition Update

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Friday, December 27, 2024

This rapidly expanding company is dedicated to acquiring, innovating, and scaling a diverse portfolio of beverages. As 2024 ends, its shares are moving higher after it announced an update to an earlier announced agreement. 

Golden Grail Beverages Corp. (OTC: GOGY), a leader in the beverage industry, announced in a press release today a clarification of an earlier announcement made on December 11, 2024. On that day, Golden Grail announced that it would enter into an acquisition agreement with United Product Development Corporation (UPDC Beverages), a Nevada corporation. Golden Grail clarified that statement today, saying it intends to enter into a definitive Asset Purchase Agreement to acquire and assimilate the operational assets of UPDC Beverages rather than acquiring the company as a wholly owned subsidiary.

UPDC Beverages is a full-service co-packing partner to commercial clients offering various services for complex and functional beverages, and operates a state-of-the-art facility in Florida. 

According to Mr. Scott Lomo, GOGY CEO, “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 draft of an Asset Purchase Agreement (and related ancillary exhibits) and expects to have the final agreements in place for execution by all interested parties in 2025.”

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