Item 1.01 Entry into a Material Definitive Agreement.
On August 11, 2022, Bespoke Extracts, Inc. (the "Company") and Bespoke Extracts
Colorado, LLC ("Bespoke Colorado"), a wholly-owned subsidiary of the Company
entered into an asset purchase agreement (the "Purchase Agreement") with Osiris,
LLC doing business as Best Day Ever ("BDE") and Michael Gurtman. Pursuant to the
Purchase Agreement, Bespoke Colorado agreed to purchase from BDE, and BDE agreed
to sell to Bespoke Colorado, the assets of BDE, including certain licenses. The
Company also agreed to assume certain leases, all as further set forth in the
Purchase Agreement. As consideration for the acquisition of the assets, the
Company will issue 125,000,000 shares of common stock at the closing of the
transaction.
Closing of the Purchase Agreement is subject to receipt of certain governmental
approvals and other customary closing conditions.
In connection with the foregoing, the Company relied upon the exemption from
registration provided by Section 4(a)(2) under the Securities Act of 1933, as
amended, for transactions not involving a public offering.
The foregoing description of the Purchase Agreement is qualified by reference to
the full text of such document, which is filed as an exhibit to this report.
Item 8.01 Other Events.
On August 12, 2022, the Company issued a press release regarding the acquisition
of assets of BDE. A copy of the press release is attached as Exhibit 99.1
hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Exhibit
10.1 Form of Purchase Agreement
99.1 Press Release
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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