Business
LiveToBeHappy, Inc. Enters into a Definitive Agreement to Acquire AVRover and Acquires Canary Travel, Adding to Its Growing Portfolio of Companies
LiveToBeHappy, Inc. Enters into a Definitive Agreement to Acquire AVRover and Acquires Canary Travel, Adding to Its Growing Portfolio of Companies.
About this update from Cavu Resources Inc.
[{"type":"text","content":"\n Completion of five of seven acquisitions under LOI with addition of technology and solution provider in education and leading travel and entertainment company CHARLOTTE, N.C., Dec. 08, 2021 (GLOBE NEWSWIRE) -- LiveToBeHappy, Inc. (OTCM: CAVR, soon to be LTBH) (“LiveToBeHappy” or the “Company”), a platform company that acquires undervalued assets and professionally manages them, today announced it has entered a definitive agreement to acquire AVRover and announced the acquisition of Canary Travel, expanding on its educational offering and promoting a higher quality lifestyle through travel. Highlights: AVRover provides 3D learning equipment to school systems across the U.S.AVRover’s cutting-edge, hands-on learnings tools will be integrated into the Company’s Growing Together AcademyCanary Travel has highly experienced travel agents who specialize in creating high profile group travel eventsCanary Travel specializes in providing quality travel products at competitive rates with award winning customer satisfaction Kevin Vincent Cox, Chief Executive Officer of LiveToBeHappy, Inc., commented, “We are very excited to add AVRover and Canary Travel to our portfolio as we make further progress on the remaining acquisitions under Letter of Intent (LOI), having completed five out of seven transactions. AVRover is highly complementary to our Growing Together Academy by providing easy to implement, flexible and affordable technology solutions for education and training. Canary Travel will expand our current travel and entertainment offering by providing consumers with convenient travel services with the highest quality support. Both acquisitions support our mission of building lives, not just places to live.” Grant Edwards, Chief Financial Officer of LiveToBeHappy, Inc. added, “These two transactions will significantly contribute to LiveToBeHappy’s financial performance and further enhance shareholder value. The current management teams will remain in place as we integrate them into the LiveToBeHappy family of companies. Additionally, we expect the final two acquisitions under LOI to close in the first quarter of 2022 and are on target to achieve over $9 million of adjusted EBITDA on an annualized basis upon completion of all of the transactions.” About AVRoverAVRover is le...