BRIEF-Fiji Kava Terminates Acquisition Of Leilo

Reuters2023-02-08

Feb 8 (Reuters) - Fiji Kava Ltd :

* ACQUISITION OF LEILO WILL NOT PROCEED UNDER TERMS APPROVED BY SHAREHOLDERS AND EXCLUSIVE NEGOTIATION PERIOD WITH LEILO INC HAS CEASED.

* UPDATE ON USA STRATEGY AND PROPOSED ACQUISITION OF LEILO INC

* COMPANY IS CURRENTLY EXPLORING MANUFACTURING AND CO-PACKING OPTIONS IN FIJI

* WILL CONTINUE WITH ITS STRATEGY TO LAUNCH FUNCTIONAL BEVERAGE PRODUCTS IN USA UNDER FIJI KAVA'S PROPRIETARY BRANDS AND NEW BRANDS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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