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Global Sciences, Inc. announces that it has terminated the letter of intent with Pure Vision Technologies for the acquisition of 100% of Pure BioPlastics Inc., a renewable plastics company in Ft. Lupton Colorado (the “PBP”).
Both companies worked tirelessly to accomplish the diligence that would lead to the execution of a Definitive Agreement, however, it has been mutually decided to cancel the letter of intent for this acquisition due to the inability to navigate the list of diligence required for this transaction to close.
Brad Wyatt, CEO of Global Sciences, shared, “I looked forward to working with Ed and the team at Pure Vision Technologies; their mission to reduce global consumption of plastic and replace it with a biodegradable substitute is an incredible one. We look forward to exploring future opportunities and only wish the team at Pure Vision Technologies the absolute best in their endeavors.”
ON BEHALF OF THE BOARD OF GLOBAL SCIENCES INC.
CEO and Chairman of the Board