$CSOC now in discussions with the candidate for some time. However, given the existing confidentially agreements in place, the acquisition target candidate cannot be named as of yet. Nonetheless, based on the current status of our negotiations and due diligence, we are confident an LOI will be produced very shortly. The target company is located in the state of California and has products currently being sold in the US and Canadian Markets with further orders to fulfilled at a future date through large retail chain stores.
The Company is confident that this transaction will bring significant value to its shareholders and is eager to share more information with existing and new shareholders. "We are very excited about this acquisition and believe shareholders will feel the same once acquisition is finalized and announced, " said Alex Chen, Chief Executive Officer & Director of CADUCEUS CORP, Inc.