$HIRU acquisition of AZ Custom Bottled Water, Inc.
Post# of 8462
Ms. Kathryn Gavin (President and CEO the Company), states…' The Company has made its initial acquisition. We acquired AZ Water in a simple equity exchange agreement. We felt like this transaction was an important to be the first acquisition for the Company as it clearly met our simple acquisition criteria: seasoned operations, cash flow positive financials, and in a high growth industry. Currently, we are focusing on business operations in the consumer bottled water market in the Southwest United States.'
The Company acquired AZ Water pursuant to an equity exchange agreement executed on Saturday, June 26, 2021 ('Agreement'). Pursuant to this Agreement, the Company acquired all outstanding equity of AZ Water, making it a wholly owned subsidiary, in exchange for 100,000,000 shares of Common Stock (Restricted) of the Company.