Nightfood Holdings (OTCQB: NGTF), a forward-thinking acquisition and development holding company, has signed a letter of intent (“LOI”) to acquire SWC Group Inc., doing business as Carryoutsupplies.com (“CarryOut”), through Nightfood’s wholly owned subsidiary, Future Hospitality Ventures Holdings Inc. As outlined in the LOI, the acquisition will be an all-stock transaction. A leading wholesaler and distributor of custom takeout packaging for the foodservice industry, CarryOut specializes in traditional and ecofriendly custom-printed packaging solutions for food-service businesses. Its products include to-go hot food boxes, snacks bowls, sushi trays, soup cups, ice cream cups and lids, coffee cups and lids, utensils, and more. According to the announcement, Nightfood officials believe significant growth opportunities exist in obtaining preferred-vendor status with regional and national branded food-service companies with unique and future-focused ecofriendly solutions. “We are thrilled at the opportunity to acquire rapidly growing CarryOut Supplies and for the opportunity to restore it to its pre-COVID scale and beyond,” said Nightfood Holdings CEO Lei Sonny Wang in the press release. “CarryOut is an exciting standalone business, and the strategic value of this acquisition is greatly enhanced by synergies with our existing subsidiaries and those we anticipate acquiring in the future. Nightfood is committed to ensuring a smooth transition for CarryOut’s employees and customers. We look forward to leveraging the combined strengths of our portfolio of exciting subsidiaries.”
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About Nightfood Holdings Inc.
Nightfood is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the hospitality, food services, consumer packaged goods and commercial real estate sectors. The company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval. Nightfood is at the forefront of introducing and deploying artificial intelligence-enabled robotics products, revolutionizing operational efficiencies and customer experiences across the company’s focus areas. Additionally, the company is committed to developing and marketing wellness-focused consumer packaged goods, meeting the growing demand for healthier and functional options. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for its stakeholders. For more information about the company, visit the company’s website at www.NightFood.com.
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