Lords & Company Worldwide Holdings Inc. (CNSX:LRDS) entered into a letter of intent to acquire Lords of Gastown Motorcycle Company from PNW Apparel Inc on November 25, 2021. On February 6, 2023 Lords & Company Worldwide Holdings Inc. (CNSX:LRDS) entered into a Share Purchase Agreement to acquire Lords of Gastown Motorcycle Company. Lords & Company proposes to acquire all the issued and outstanding shares of Gastown in consideration of the issuance of common shares of the Company for a value to be determined based on a third-party valuation. As consideration for the PNW Shares, Lords & Company Worldwide Holdings Inc will issue an aggregate of 22 million common shares of Lords & Company Worldwide Holdings Inc , at a deemed price of CAD 0.05 per share which will be distributed pro rata to the Vendors. LRDS has also agreed to repay outstanding shareholder loans in PNW of an aggregate of CAD 225,000 within 180 days of closing. The Board of Directors have approved and authorized a consolidation of the Lords & Company's issued and outstanding common shares on a two old shares for one new share (2:1) basis. The acquisition is subject to the completion of the aforementioned independent valuation report, due diligence, completion of audited financials, execution of definitive agreements on or before January 31, 2022, and regulatory approval is expected to be completed prior to year-end. It is anticipated that the Transaction would complete within five business days.

Lords & Company Worldwide Holdings Inc. (CNSX:LRDS) completed the acquisition of Lords of Gastown Motorcycle Company Inc. from PNW Apparel Inc on February 14, 2023.