Business
Game Time Productions Completes 3 Targeted Acquisitions
Game Time Productions Completes 3 Targeted Acquisitions.
About this update from Greenlite Ventures, Inc.
[{"type":"text","content":"\n\n\n\nGame Time Productions Completes 3 Targeted Acquisitions\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGame Time Productions Completes 3 Targeted Acquisitions\nPR Newswire\nBOCA RATON, Fla., June 16, 2023\n\n\n\nBOCA RATON, Fla., June 16, 2023 /PRNewswire/ -- Greenlite Ventures, Inc. dba Game Time Productions (OTC Pink: GRNL) has announced the acquisition of Altitude Wellness, Inc., Trident Water LLC. and Altitude International (Chambers), Inc, all of which were operating as wholly owned subsidiaries of Altitude International Holdings, Inc. The acquisitions have been structured as no-liability, debt-free transactions for GRNL with a total consideration of 600,000 common shares of GRNL stock going to Altitude International Holdings. GRNL is working with top industry leaders in all three market sectors to restructure and/or sell the newly acquired assets in exchange for ongoing royalty payments from the new partners.\nGRNL has already entered into a multi-tiered royalty agreement with Blue Sky Strategy LLC, who now owns and operates the former Trident Water entity. Blue Sky has a 14-year history in the Atmospheric Water sector and has built a solid network of customers and connections worldwide. Blue Sky is currently working with Joakim Noah and his family's Noah's Arc Foundation on a number of humanitarian water projects stretching from Africa to Hawaii to Chicago.\nGRNL has also signed an Agreement to spin-off the Altitude Wellness acquisition in exchange for guaranteed royalty payments to GRNL. The new ownership group plans to build out a flagship \"Altitude Fitness Center\" in Miami that will feature simulated altitude training. The proposed new location is intended to serve as a model for future franchised units.\nTo further its Altitude Chambers acquisition, GRNL has engaged the exclusive services of Dave Vincent, one of the true pioneers in the altitude industry and the owner of one of Europe's top simulated altitude providers, Sporting Edge UK. Vincent is seeking to build on the successful installation of Sporting Edge manufactured altitude chamb...