Triani also has a 100,000 sq.ft. beverage production plant, as well as the beer brands Glutenberg, Oshlag, Vox Populi and 2 Frères, and the beverage brands Baron, Octane, and Mojo. Prime Drink Group Corp announced that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296") pursuant to which the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc

The letter of intent provides that Prime and 9296 will negotiate and enter into a definitive agreement (the “Definitive Agreement”), under which the parties will complete the proposed transaction through an exchange of shares, a merger, an arrangement, a takeover offer, a purchase of shares, or some other form of a similar transaction or a series of transactions that have a similar effect. Under the terms of this letter, Prime will acquire from 9296 all of the issued and outstanding common shares of Triani (the “Triani Shares”) in exchange for consideration (as defined below), which will in effect make Triani (as it exists at the relevant time), or any other entity that may be created to complete the proposed transaction, an owned subsidiary & exclusive to Prime