Business
Sucro Announces Agreement to Consolidate Ownership of Sweet Life Services Subsidiary
Sucro Announces Agreement to Consolidate Ownership of Sweet Life Services Subsidiary Ca...
About this update from Sucro Limited
[{"type":"text","content":"\n\n\n\n Sucro Announces Agreement to Consolidate Ownership of Sweet Life Services Subsidiary\n \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\n Canada NewsWire\n \n\n\n\n\n\n CORAL GABLES, Fla.\n \n\n ,\n \n\n Aug. 5, 2025\n \n\n /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) (\"\n \n Sucro\n \n \" or the \"\n \n Company\n \n \"), an integrated sugar refiner focused primarily on serving North American sugar markets, announced today that it and certain subsidiary companies (the \"\n \n Sucro Companies\n \n \") have entered into an agreement (the \"\n \n Agreement\n \n \") with Amerikoa Holdings, LLC and MB Central-Bond LLC (the \"\n \n MB Companies\n \n \") under which the Sucro Companies will acquire the 49% ownership interest in Sweet Life Services, LLC (\"\n \n Sweet Life\n \n \") not already owned, consolidating ownership to 100%. The consideration payable for the acquisition of the Sweet Life interest consists of (i) the transfer to the MB Companies of a 19% ownership interest in Amerikoa Ingredients, LLC (\"Amerikoa Ingredients\") (the MB Companies own the other 81% interest), and (ii) the issuance of 155,550 subordinate voting shares of Sucro (the \"\n \n Sucro Consideration Shares\n \n \") at a deemed price of\n \n C$13.35\n \n per share, being the five day volume weighted average trading price prior to the signing of the Agreement. The proposed transaction also provides for the surrender by the MB Companies of a promissory note for cancellation in the principal amount of\n \n US$142,133\n \n and accrued interest thereon in consideration for the issuance by Sucro of additional Sucro Consideration Shares at the same deemed price of\n \n C$13.35\n \n per share. The proposed transaction is subject to all required regulatory approvals, including the approval of the TSX Venture Exchange, and all Sucro Consideration Shares will be subject to a 4-month holding period in\n \n Canada\n \n and such longer holder periods as may be required under securities laws of other applicable jurisdictions.\n \n\n\n\n\n\n\n\n\n Sweet Life provides value-added sugar processin...