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March 11, 2014
08:33 EDTRMCFU-Swirl acquires business assets of Moxie USA
U-Swirl announced that its wholly-owned subsidiary, Moxie Consumer Products, which was created for the purpose of selling beverages, toppings, and other consumer products, has acquired the business assets of Moxie USA, LLC. The acquisition of all intellectual property and worldwide license rights includes the rights associated with national, regional, and local distributors that are currently purchasing beverage and candy products for sale across more than 15 States. U-Swirl purchased the Moxie USA, LLC assets for an earn-out of up to a total of 250,000 shares of SWRL common stock over a two-year period, based upon EBITDA generated by the acquired assets. U-Swirl, Inc. is majority-owned by Rocky Mountain Chocolate Factory.
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