PACIFIC VENTURES GROUP, INC. (OTCMKTS:PACV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Material Definitive Agreement
entered into a material definitive agreement to acquire 100%
member interest in Fresh and Healthy Markets LLC, a Long Beach,
California based healthy food and grocery retailer. The
information set forth in Item 2.01 below with respect to the
Purchase Agreement, as amended, and the as defined in Item 2.01,
is incorporated by reference into this Item 1.01.
completed its acquisition of (the “Acquisition”) of Fresh and
Healthy Markets LLC (the “business”) from undisclosed and
unrelated third-party seller (the “Seller”), under its reported
Purchase and Sale Agreement (the “Purchase Agreement”) by and
among the Seller and the Company, dated as of June 2, 2017. The
aggregate consideration for the Acquisition was certain amount of
shares of the Company’s common stock.
step because it will serve as a fulfilment center for the SnoBar
products.
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(a)
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Financial Statements of Business Acquired.
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the required 71 days from acquisition date.
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(b)
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Pro Forma Financial Statements.
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the required 71 days from acquisition date.
About PACIFIC VENTURES GROUP, INC. (OTCMKTS:PACV)
Pacific Ventures Group, Inc., formerly American Eagle Group, Inc., offers solutions within the food, beverage, alcohol and hospitality industries. The Company is the trustor and beneficiary of Snobar Trust. Snobar Trust holds International Production Impex Corporation (IPIC). IPIC holds the rights of the liquor licenses to sell alcohol-infused ice cream and ice-pops products and trade names SnoBar. IPIC is a food and beverage, alcohol distribution company that is engaged in marketing products, such as SnoBar alcohol infused ice pops, and SnoBar alcohol infused ice cream and sorbet. The SnoBar ice pops are frozen alcohol beverage bars, similar to popsicles on a stick, but made with liquor, such as tequila and vodka. SnoBar ice pops are manufactured in approximately three flavors: Margarita, Cosmopolitan and Mojito. SnoBar ice creams are ice cream and sorbets that are distilled spirit cocktails containing approximately 20% liqueurs and liquors.
