On June 2, 2017, Pacific Ventures Group, Inc. (the "Company"),entered into a material definitive agreement to acquire 100% member interest in Fresh and Healthy Markets LLC, a Long Beach, California based healthy food and grocery retailer. The information set forth in Item 2.01 below with respect to the Purchase Agreement, as amended, and the as defined in Item 2.01, is incorporated by reference into this Item 1.01.
Item 2.01.Completion of Acquisition or Disposition of Assets.
On June 2, 2017, Pacific Ventures Group, Inc. (the "Company"),
completed its acquisition of (the "Acquisition") of Fresh and Healthy Markets LLC (the "business") from undisclosed and unrelated third-party seller (the "Seller"), under its reported Purchase and Sale Ag reement (the "Purchase Agreement") by and among the Seller and the Company, dated as of June 2, 2017. The aggregate consideration for
the Acquisition was certain amount of shares of the Company's common stock.
The Company believes the acquisition of the business is a right step because it will serve as a fulfilment center for the SnoBar products.
Item 9.01. Financial Statements and Exhibits.
Financial Statements of Business Acquired.
Information required by this Item 9.01(a) will be filed within the required 71 days from acquisition date.
Pro Forma Financial Statements.
Information required by this Item 9.01(b) will be filed within the required 71 days from acquisition date.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 5, 2017
PACIFIC VENTURES GROUP, INC.
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