Food Culture Inc. Enters Negotiations to Acquire Grupo Austero

Food Culture Inc. (OTCID: FCUL) has entered negotiations for a potential acquisition of Grupo Austero LLC, whose portfolio includes Austero tequila and mezcal products. The parties are only working toward a letter of intent; no LOI or definitive acquisition agreement has been executed. FCUL aims to broaden access to spirits products and production relationships that could support its branded portfolio through operating subsidiary Distill Brands International, with due diligence covering brand rights, supply and distribution arrangements, inventory, liabilities and ownership.

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