SciSparc Ltd. SPRC Has entered into a non-binding declaration of intent for the Sale of a 50% stake in its wholly owned subsidiary, SciSparc Nutraceuticals Inc.who owns wellnessto Jeffs’ Brands Ltd. JFBRa data-driven e-commerce company operating on Amazon AMZNto the $3 million in cash or a combination of cash and Jeffs’ Brands common stock, as agreed by the parties.
The sale is subject to negotiation and completion of a binding definitive agreement. There can be no assurance that the sale will go ahead, nor can there be any assurance as to the final final terms, including the form of consideration.
The Company recently signed a non-binding letter of intent with Jeffs’ Brands to jointly form a joint venture to develop a new line of dietary supplements and market such dietary supplements online.
Oz AdlerCEO and CFO of SciSparc, is Chairman of Jeffs’ Brands.
Amita Weiss the chairman of SciSparc, is a director of Jeffs’ Brands.
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