$MGON ACCESSWIRE / March 14, 2022 / Megola Inc. (OTC PINK:MGON) Megola, Inc. ("MGON", "Company"
is a Consortium Group of Health Technologies and Eco-Friendly Product Lines. Megola through product and technology acquisitions has grown to have its own E-commerce Branding Division, Service Department, Licensing Division, Franchise Division all maintaining Megola's diverse manufactured product portfolios. "These are just the start of our acquisitions as the company is in the final stages of negotiations for several other product line offerings from Medesol LLC and others," states CEO Robert Gardiner. ‘We will start to offer our coffee lines on our eCommerce site along with other distribution networks and we will start a pilot project with a large Canadian marijuana grower for the Proteksol Seed coating shortly", continues Gardiner.
On February 22, 2022, MGON entered into a Purchase and Sale of Business Assets Contract with RBG Wholesale, in which MGON has agreed to purchase certain Specialty Coffee product lines, branding label and supply agreements, for the purchase price of Fifteen Thousand Dollars ($15,000), payable as follows: (1) fifteen thousand (15,000) shares of MGON Series F Preferred Stock, valued at $1.00 per share.