Snakes & Lattes Inc. (OTC: FUNN) provides a status update regarding the Gamehaus acquisition.
On April 21, 2022, Snakes & Lattes Inc. had previously communicated signing a contract to acquire the Game Board Cafe Gamehaus located in Glendale California via ownership of the outstanding SBA loan. Take over of the loan (completing the acquisition) was contingent on a renewed lease with the landlord. At this time, Snakes & Lattes has taken the position to withdraw from lease negotiations and is relinquished of any obligation regarding this location. Snakes & Lattes has no financial obligations regarding Glendale and has not invested any money in the process.
“In the best interest of Snakes & Lattes, we have decided not to pursue this location any further. However we certainly have other more suitable location candidates to continue building up our high quality Brand for a top tier Game Board Cafe experience.” said Snakes & Lattes Inc. Founder, Ben Castanie.
We thank everyone for their support, and will announce further updates as pertinent information becomes available.
See you at Snakes & Lattes!
About Snakes & Lattes Inc.
Snakes & Lattes Inc. currently operates 8 tabletop gaming bars and cafes: 3 located in Toronto, Ontario, Canada, 1 in Guelph, Ontario, Canada, 1 in Tempe, Arizona, 1 in Tucson, Arizona, 1 in Provo, Utah, & 1 in Chicago, Illinois. The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, and is believed to be the largest in the world. Our board game cafes have the largest circulating public library of board games in North America for customers to choose from.
For more information on Snakes & Lattes Inc., please visit the website at www.snakesandlattes.com.
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This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Ben Castanie
Snakes & Lattes Inc.
Telephone: (416) 500-2911
Email: ben@snakesandlattes.com