AMASS Brands secures 3-year option to acquire remaining HpO interest at 2x revenue
AMSS sits 33% above its 52-week low of $1.759.
Summary
AMASS Brands has secured a 3-year option to acquire the remaining interest in HpO, with the purchase price set at two times HpO's revenue. This news provides specific terms for the potential full acquisition, following the company's recent $1.535 million SAFE investment in AfterDream, a hemp-derived THC beverage brand, which included the right to acquire. This option gives AMASS Brands a defined path to full ownership of a strategic asset, further integrating its operations in the non-alcoholic and hemp-derived beverage sectors.
At the time of this announcement, AMSS was trading at $2.34 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $34.9M. The 52-week trading range was $1.76 to $17.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.