Intouch Insight Ltd. (TSXV:INX) signed an LOI to acquire Brand Equity Builders on June 2, 2023, Intouch Insight Ltd. (TSXV:INX) entered into a definitive agreement to acquire all outstanding shares of Brand Equity Builders, Inc. for $3.125 million on September 15, 2023. The purchase price for the Acquisition is a combination of cash and a promissory note. The purchase price is $3.125 million in cash of which, $1.5 million is payable at closing along with a promissory note for $0.5 million and $1.125 million is payable over the next four years based on achievement of Alta revenue targets and Ardent gross profits.

Upon closing, Stanley Hart, the CEO of BEB, Alta and Ardent will be joining Intouch with a focus on assisting with revenue growth. Transaction is subject to TSX Venture Exchange approval and targeted closing date is October 1, 2023. Virginia Schweitzer of Fasken Martineau DuMoulin LLP acted as legal advisor to Intouch Insight Ltd.