Pangea Natural Foods Inc., a renowned manufacturer and co-packer of health food products, has recently entered into an agreement to acquire Glory Juice, a company specializing in the development and commercialization of organic health food products. This acquisition aims to combine Pangea’s expertise in the health food market with Glory Juice’s commitment to sustainability, local sourcing, and high-quality organic products.
Glory Juice, with over 9 years of experience in the industry, has built a strong reputation for its cold-pressed juicing method and dedication to using organic ingredients sourced from local farms. The company operates three retail locations in Vancouver and offers a wide range of products, including juices, nut and seed mylks, ready-to-blend smoothies, wellness shots, and more. In addition to their retail presence, Glory Juice provides franchising options, business-to-business partnerships, co-branding, and white-label capabilities.
With this acquisition, Pangea aims to expand its product portfolio and reinforce its commitment to delivering high-quality, organic, and sustainable health food products to its customers. Both companies share a mission to nourish the body, mind, and environment, empowering customers to live vibrant, healthy, and sustainable lives.
The transaction involves Pangea issuing an aggregate of 6,000,000 common shares to the vendors, along with the repayment of outstanding loans to certain Glory Juice shareholders through secured promissory notes.
