On September 8, 2017, Gallant Brands, Inc., an affiliate of WealthColony Management Group, LLC, announced that it has completed the purchase of substantially all of the assets of Soupman, Inc. for a purchase price of approximately $6,700,000 including $2,000,000 in cash and approximately $4,700,000 of indebtedness which was acquired from a secured creditor of the Company and credited to the purchase price.