Silo Wellness Announces LOI to Acquire NUGL/Kaya in a Transaction Valued at CAD $43,289,624.60; CSE to Halt Trading Until Shareholder Approval

August 29, 2023

EUGENE, Ore., Aug. 29, 2023 (GLOBE NEWSWIRE) — Silo Wellness, Inc. (CSE: SILO) (OTCQB:SILFF) (FSE: 3K7A) (“SILO”) has confirmed its intention to acquire all of the issued and outstanding securities of NUGL Inc. (OTC Pink: NUGL) (“NUGL” or “TargetCo”) in a transaction valued at CAD $43,289,624.60, subject to the terms and conditions set forth in the binding Letter of Intent executed on August 28, 2023 in an arms-length transaction.

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