Global Sciences Acquires Go Fast Sports & Beverage Company
On August 1, 2023, GLOBAL executed a share purchase agreement with Go Fast Sports & Beverage Company to acquire 100% of the issued and outstanding shares of GO FAST. GLOBAL and GO FAST closed on the acquisition last week (September 29th, 2023). The purchase price for GO FAST was set at $1,200,000.00 and was paid for with cash and short-term notes issued by GLOBAL. The current management and ownership team at GO FAST will continue to work with GLOBAL to successfully transition the operation to GLOBAL, many of whom will have the ability to join GLOBAL with long-term employment agreements.
Established in 1996, GO FAST has been in business for the past 27 years. GO FAST was made for people who have a passion for living life on the edge and to support the lifestyle of sports enthusiasts. Sales have expanded worldwide to Canada, Mexico, England, and several European countries. GO FAST is a wholesale energy drink company that sells six different energy drinks to distributors and dealers. The products are also sold online ( www.gofast.com ) and Amazon. Go Fast beverages are sold to distributors in Colorado, Aruba, Belgium, Netherlands, and Germany.
Brad Wyatt, CEO of Global Sciences, shared, “Go Fast Sports and Beverage Company is the first of many brand and company acquisitions that Global Sciences will make as it grows its brand portfolio, added to Xing Tea and Aspen Pure. We are extremely excited about the opportunity this acquisition affords our company and look forward to expanding the market for Go Fast globally! I am thankful for the team at Legacy Distribution Group and Go Fast Sports and Beverage Company for their efforts to bring our companies together, great job by all!”
ABOUT GLOBAL SCIENCES
Global Sciences Inc. has become a multi-faceted company focused on utilizing its manufacturing and distribution companies to quickly and efficiently bring new brands to market and scale distribution. Its website can be found at www.globalsciences.ca.
Through its wholly-owned subsidiaries, Global Sciences delivers quality products in retail and e-commerce formats. Legacy Distribution Group (www.legacydistributiongroup.com ) provides exclusive beverage and snack distribution services for more than 90 vendors with over 5000 large and small format stores in its service network. In addition to Legacy Distribution, it has a manufacturing division, Resinosa LLC ( www.resinosa.com ), with its capabilities to provide cGMP manufacturing at various levels of production runs with a wide variety of brands and product lines supported.
ON BEHALF OF THE BOARD OF GLOBAL SCIENCES INC.
CEO and Chairman of the Board
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