Brussels Chocolates acquired by Green Fusion

- Last updated on GMT

Related tags: Canada, Stock market, Brussels

Green Fusion Corporation acquires the totality of the issued and
outstanding shares of the Canadian chocolate manufacturer House of
Brussels Holdings Ltd., which owns and operates Brussels Chocolates
Ltd.

Green Fusion Corporation has entered into a definitive agreement to acquire the totality of the issued and outstanding shares of the Canadian chocolate manufacturer House of Brussels Holdings Ltd.​, which owns and operates Brussels Chocolates Ltd. In consideration, Green Fusion will issue 13,000,000 common shares from treasury to the shareholders of Brussels. The shares will be subject to Rule 144 restrictions and have not been registered under the Shares Act of 1933 or any applicable state security laws. Green Fusion claims there is room to increase the profitability of Brussels through expansion of the channels of distribution of its premium chocolate products. Discussions are underway with potential distributors to immediately increase sales in territories outside of Brussels' home market in British Columbia, and an advisory board is being formed to assist in developing an aggressive distribution strategy for introduction of Brussels' products in the rest of Canada and in the United States.

Related topics: Market Trends

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