PK Beans Announces Completion of Acquisition of Les Petits Terribles

·2 min read

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2021) - Peekaboo Beans Inc. (CSE: BEAN) (OTC Pink: PBBSF) ("PK Beans" or the "Company") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of Les Petits Terribles Inc. ("LPTI") from all of its securities holders (the "Vendors"). Pursuant to the Acquisition and the Share Purchase Agreement dated March 24, 2021, the Company acquired 100% of issued and outstanding shares of LPTI in consideration of an issuance of 4,000,000 common shares in the capital of the Company (each, a "Share") at a deemed price of $0.075 per Share.

"We believe that what kids put into their bodies is as important as what they put on their bodies," says CEO Traci Costa. "Parents are seeking healthy on-the-go snacks and meals for their on-the-go lifestyles, resulting in rapid industry growth. Adding high quality fuel for kids with our comfortable, sustainable and high quality clothing for kids, we will become a go-to brand in Children's wellness."

About Peekaboo Beans Inc.

PK Beans is an integrated and innovative children's wellness brand. From sustainable clothing options that kids love to wear, to healthy foods that fuel children's play, our mission is to provide the ingredients for a playful life. Together with our monthly adventure subscription box, consisting of interactive and engaging activities that educate and entertain, developed by an Emmy award-winning child psychologist and devoted kid-experts, our goal is to enrich, empower and nourish children through quality nutrition, clothing and play - every day. The company maximizes revenue by reaching sellers and online retailers through an omnichannel approach.

To learn more about PK Beans, visit: www.pkbeans.com

On behalf of the Board of Directors,
Peekaboo Beans Inc.
Ms. Traci Costa, President and CEO
(604) 279-2326

For more information, please contact the Company at:
IR@pkbeans.com
1-604-279-2326

Reader Advisory

This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87937

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