Creatd Announces Memorandum of Understanding to Purchase Majority Stake in Direct-to-Consumer Beverage Brand, Dune Glow Remedy
The Company has additionally announced that it has entered into a Memorandum of Understanding ("MOU") to acquire a majority equity stake in Dune.
- The Company has additionally announced that it has entered into a Memorandum of Understanding ("MOU") to acquire a majority equity stake in Dune.
- Pursuant to the MOU, Creatd intends to acquire a 50.4% equity stake in Dune in exchange for a combination of cash and stock.
- Dune is expected to generate between $500,000 to $1 million in net revenues over the next 12 months.
- Commented Creatd CEO Jeremy Frommer, "We are working to finalize our purchase of a majority stake of Dune, as well as that of Wobble Wedge, as announced last week .