ITEM 1.01 ENTRY INTO A MATERIAL AGREEMENT
On December 12, 2020, Mera Pharmaceuticals, Inc. (the "Company") entered into an
Agreement (the "Agreement") with All Your Foods USA, Inc. under which All Your
Foods USA, Inc. became a wholly owned subsidiary of the Company.
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On December 12, 2020, Mera Pharmaceuticals, Inc. (the "Company") entered into an
Agreement (the "Agreement") with All Your Foods USA, Inc. under which All Your
Foods USA, Inc. became a wholly owned subsidiary of the Company. All Your Foods
USA, Inc. is a subscription based home meal delivery company.
A subsidiary of All Your Foods, All Your Meals has been a thriving subscription
fresh meal service for over four years. Located in Burnaby, BC, All Your Meals
delivers fresh chef-created meals to individuals and businesses in the Lower
Mainland of BC. As a chef-prepared meal delivery service, All Your Meals is
uniquely positioned unlike other existing meal subscription companies that
merely offer ingredients with the accompanying recipes. The Company's daily
prepared, delicious and easy meals have proven to address the need among a large
and growing consumer demographic who simply do not have the time to cook or an
interest in cooking.
Progress to-date: Since its establishment in 2015, All Your Meals has quickly
progressed to becoming a reputable brand with a large base of loyal members. Its
proprietary meal and membership system serve as a valuable asset going forward.
Combined with an acquired solid operational infrastructure, logistics management
and delivery network, these allow the Company to develop a capacity and
operational knowledge for large-scale production and market expansion.
The management of All Your Meals has incorporated a US Subsidiary, All Your
Foods USA Inc, which has just completed its acquisition of Chop & Chisel, an
established meal prep delivery with over $650,000 in annual revenue in all-stock
deal (time). Founded in 2015, Chop & Chisel is a healthy meal delivery serving
Charlotte, Huntersville, North Carolina and surrounding areas. The acquisition
endows All Your Foods USA with existing database of subscribers that generate
steady and growing revenue in a fast-growing market. The acquisition includes
three retail locations and an established delivery footprint in the regions. All
Your Foods USA will considerably enhance Chop & Chisel's operation by its
technology infrastructure including membership management, delivery tracking and
scalability.
The current success of All Your Meals is attributed to the collective expertise
and experience of its management team:
Benny Doro, President Benny Doro is a successful businessman with over 20 years
of experience in venture capitalism on Wall Street, early stage financing,
entertainment media management, and financial payment software development. He
has also been in the food service space for many years.
Mark Wright, COO Mark Wright is a seasoned business professional with the
ability and passion to take start-ups and catapult them to the next level or to
refocus struggling enterprises on what is truly important.
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