Jeffs' brands provides update regarding potential acquisition of its u.s. subsidiary, for an approximate valuation of usd $11.8 million to a canadian public company

The previous letter of intent with a u.s. public company was terminated pursuant to its own terms and jeffs' brands has entered into a new non-binding letter of intent to for the acquisition of its wholly-owned u.s. subsidiary, smart repair pro, and its approximately 49.1% ownership interest in scisparc nutraceuticals inc., by a canadian public company in exchange for an up to 90% equity (on a fully diluted basis) interest in such company
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