Freshii inks deal to buy majority stake in online wellness retailer Natura Market
|globalnews.ca 14 Oct 2021 at 13:00|
Freshii Inc . says it has signed a deal to buy a majority stake in health and wellness product retailer Natura Market ECommerce Inc., with rights to acquire the rest of the business through the first quarter of 2025.
The Toronto-based company says it will pay $5.7 million plus potential performance incentives in return for the initial 60 per cent stake.
It says the price for the remaining shares will be based on the company’s earnings before interest, taxes, depreciation, and amortization for the relevant period.