Business
Food Culture Inc. (OTCID:FCUL) Completes Acquisition of Distill Brands International and Appoints Mr. Paul Neelin as Incoming CEO
Food Culture Inc. (OTCID:FCUL) Completes Acquisition of Distill Brands International and Appoints Mr. Paul Neelin as Incoming CEO.
About this update from Food Culture Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Food Culture Inc. (OTCID:FCUL) Completes Acquisition of Distill Brands International and Appoints Mr. Paul Neelin as Incoming CEO\r\n \r\n \r\n\r\n\r\nFood Culture Inc. (OTCID:FCUL) Completes Acquisition of Distill Brands International and Appoints Mr. Paul Neelin as Incoming CEO\r\n\r\n\r\n\r\n\r\n\r\nFood Culture completes transition from distribution of ready-to-eat meals to the global spirits marketing industry TORONTO, ONTARIO / ACCESS Newswire / November 18, 2025 / Food Culture Inc. (OTCID:FCUL) (\"FCUL\" or the \"Company\"), is excited to announce that is has closed a Share Exchange Agreement (the \"Acquisition\") with the shareholder of Booze in a Box Inc. (operating as Distill Brands International) (\"DBI\"), a Canadian federal corporation, and has appointed Mr. Paul Neelin as the Company's Chief Executive Officer.\r\n Under the terms of the Acquisition, DBI became a wholly owned subsidiary of FCUL in exchange for the issuance of 18 million shares of FCUL's unregistered, restricted common stock to the sole shareholder of DBI, Ontario-based, BIAB Holdings, Inc. (\"BIAB\"). Mr. Paul Neelin, the Company's newly appointed CEO, and his spouse control approximately 74% of BIAB. DBI is an up-and-coming Ontario-based global spirits & marketing company focused on excellence in quality products, paired with enduring brand partnerships that target the sports and entertainment sectors. Throughout 2025 DBI has been actively engaged in securing partnership relationships for premium wine and liquor products and expects to announce relationships with both new and established partner brands, including several co-branding and co-packing partnerships, prior to the close of the first quarter of fiscal 2026.\r\n Mr. Ruben Yakubov, Chairman of FCUL commented, \"We are excited to have concluded the acquisition of DBI, a company that is driven to find cutting edge beverage technology within the \"Eco-Space\" offering distributors, retailers, and customers the latest packaging trends, matched with the highest in quality spirits and premixed beverages for global distribution.\"\r\n Mr. Neelin, the Company's CEO and the founder of DBI commented, \"We have been working with the team at Food Culture for several months and are excited to introduce shareholders to our portfolio over the coming months. Along with various excitin...