Extension of SPP and Acquisition Update
Cooks Global Foods (CGF) is pleased to advise that it has finalised terms with Esquires Coffee Houses, Inc. of Canada (ECH) to acquire the Canadian intellectual property rights associated with Esquires Coffee Houses. The rights will be purchased for (CAN)$225,000.
On acquiring these intellectual property rights, CGF will license back to ECH the right to use these marks with respect to their existing nine Esquires Coffee Houses stores located in British Columbia, Canada and also for the purpose of a Master Franchise Agreement, they have issued for the state of Alberta in Canada. The head franchise rights to these stores and the Master Franchise Agreement will remain with ECH on a royalty free basis.