ITEM 2.01
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COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
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On
December 12, 2020, Mera Pharmaceuticals, Inc. (the
“Company”) entered into an Agreement (the
“Agreement”) with All Your Foods USA, Inc. under which
All Your Foods USA, Inc. became a wholly owned subsidiary of the
Company. All Your Foods USA, Inc. is a subscription based home meal
delivery company.
A
subsidiary of All Your Foods, All Your Meals has been a thriving
subscription fresh meal service for over four years. Located in
Burnaby, BC, All Your Meals delivers fresh chef-created meals to
individuals and businesses in the Lower Mainland of BC. As a
chef-prepared meal delivery service, All Your Meals is uniquely
positioned unlike other existing meal subscription companies that
merely offer ingredients with the accompanying recipes. The
Company’s daily prepared, delicious and easy meals have
proven to address the need among a large and growing consumer
demographic who simply do not have the time to cook or an interest
in cooking.
Progress
to-date: Since its establishment in 2015, All Your Meals has
quickly progressed to becoming a reputable brand with a large base
of loyal members. Its proprietary meal and membership system serve
as a valuable asset going forward. Combined with an acquired solid
operational infrastructure, logistics management and delivery
network, these allow the Company to develop a capacity and
operational knowledge for large-scale production and market
expansion.
The
management of All Your Meals has incorporated a US Subsidiary, All
Your Foods USA Inc, which has just completed its acquisition of
Chop & Chisel, an established meal prep delivery with over
$650,000 in annual revenue in all-stock deal (time). Founded in
2015, Chop & Chisel is a healthy meal delivery serving
Charlotte, Huntersville, North Carolina and surrounding areas. The
acquisition endows All Your Foods USA with existing database of
subscribers that generate steady and growing revenue in a
fast-growing market. The acquisition includes three retail
locations and an established delivery footprint in the regions. All
Your Foods USA will considerably enhance Chop & Chisel’s
operation by its technology infrastructure including membership
management, delivery tracking and scalability.
The
current success of All Your Meals is attributed to the collective
expertise and experience of its management team:
Benny
Doro, President Benny Doro is a successful businessman with over 20
years of experience in venture capitalism on Wall Street, early
stage financing, entertainment media management, and financial
payment software development. He has also been in the food service
space for many years.
Mark
Wright, COO Mark Wright is a seasoned business professional with
the ability and passion to take start-ups and catapult them to the
next level or to refocus struggling enterprises on what is truly
important.