Mix 1 Life, Inc. signed letter of intent to acquire BrandMark Products, Inc. for $6 million.
The transaction is subject to approval of Boards of Directors of BrandMark Products, and Mix 1 Life, Inc., regulatory approvals, resignation of Directors of BrandMark Products and Mix 1 Life. The transaction also requires that Chris Larson and Cameron Bob to resign as officers and Directors of Mix 1 Life, Inc. The deal requires approval from majority of shareholders of BrandMark Products, Inc. The transaction is subject to signing of definitive agreement. BrandMark Products shall complete such due diligence as is deemed by the Board of Directors sufficient to complete the acquisition. The transaction is expected to close on June 30, 2016. On August 26, 2016, Mix 1 Life and BrandMark Products entered into an amended letter of intent. The deal is expected to close by September 30, 2016.