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BioLife Sciences Inc. (OTC Markets: BLFE) Announced Today That the Company Has Finalized a Definitive Agreement With Health Box LLC for the 100% Acquisition of the Orthomolecular Medicine and Natural Health Products Company
BioLife Sciences Inc. (OTC Markets: BLFE) Announced Today That the Company Has Finalized a Definitive Agreement With Health Box LLC for the 100% Acquisition of the Orthomolecular Medicine and Natural Health Products Company.
About this update from Biolife Sciences Inc.
[{"type":"text","content":"\n Henderson, Nevada, Feb. 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- BioLife Sciences (OTCPK: BLFE) is pleased to announce that it has finalized a definitive agreement (the “Agreement”) with Health Box LLC towards the 100% acquisition of the Arizona-based orthomolecular medicine and natural health products company. Under the terms of the agreement, BioLife Sciences will acquire 100% of Health Box LLC, which will include (but is not limited to) all existing inventory, sales channels, customer lists, intellectual property, proprietary evidence-based formulations, and market research. For consideration of 1,000,000 shares in the common stock of the company pending completion of due diligence and the finalization of the definitive agreement of purchase of sale. The company offers a diverse mix of efficacious supplements, super food concentrates, nutraceutical formulations, and advanced orthomolecular and natural health products. Their commitment to efficacy is founded in extensive research focused on medicinal botanicals, micronutrients, dietary supplements, proprietary herbal blends, and apothecary style subscription services. Health Box LLC is committed to strict quality standards and superior raw ingredient selection in their line of proprietary products. As set out and outlined in the now executed Acquisition Agreement, the Relationship Agreement clause provides for Nika Jaksic, the CEO of Health Box LLC, to be appointed to the Board of Directors’ position of COO of BioLife Sciences. Nika Jaksic will replace the Board of Directors’ seat previously held by Dr. Nataliya Hearn, who will be resigning as of today’s date, towards future endeavors. The Company thanks Dr. Hearn for her resounding support and expertise during her time on the Board. The Relationship Agreement also contains (among other matters), the immediate retirement of Claude Saravia, founding Director of Health Box LLC, who will step down to pursue other interests during this transitional phase. Nika Jaksic is a Certified Nutrition Professional who specializes in holistic nutrition, and in providing customized science-based nutritional therapy and fitness planning. Ms. Jaksic has specialized knowledge in the field of aging and demonstrated acumen as it pertains to the development and execution of therapeutic programs--with a focus...