Ecosciences, Inc. entered into a definitive agreement to acquire M Line Holdings, Inc. for $30 million.
December 14, 2020
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Ecosciences, Inc. (OTCPK:ECEZ) entered into a definitive agreement to acquire M Line Holdings, Inc. (OTCPK:MLHC) for $30 million on December 14, 2020. The consideration will be paid in cash. As part of the transaction, Ecosciences will also take over M Line Holdings subsidiaries "Best Choice Nuts, Candy and Specialities" and "Best Choice Food and Beverage, LLC". The transaction is expected to close on December 16, 2020.
M Line Holdings, Inc. is a holding company. The Company is focused on the beverage branding and distribution industry, the food and beverage distributing business, coal industry, the aerospace industry and business financing. Its subsidiaries include Best Choice Food and Beverage, LLC, a food and beverage distributing company; M Line Coal Development, Inc., which intends to acquire permits for the mining and distribution of coal out of mines located in Kentucky; M Line Transportation, Inc., which is formed to manage the transportation of mined coal to its distribution points; Precision Aerospace & Technologies, Inc., which manufactures precision metal component parts and assemblies; and M Line Machinery Funding, Inc., which provides advice and support in raising new capital, management support in relation to financial control and management of the business.
M LINE HOLDINGS, INC. 