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CFN Enterprises Inc. Completes Acquisition of Prestige Worldwide Wine Company
CNFN
M&A
New Projects/Investments
- CFN Enterprises Inc., through its wholly-owned subsidiary J Street Capital Partners, LLC, completed the acquisition of 100% of Prestige Worldwide Wine Company, LLC on November 3, 2025.
- The consideration for the acquisition was 150,000 shares of CFN Enterprises Inc.'s common stock, with the seller agreeing to a 12-month lockup and a 48-month leak-out for these shares.
- Prestige Worldwide Wine Company, LLC is a winemaking consulting company, and the acquisition includes its global trademarks, intellectual property, formulations, distributor network, and client base.
- In connection with the acquisition, J Street entered into a consulting agreement with Wine Trends Marketing, LLC for the winemaking consulting services of Thomas Hinde for an initial one-year period.
Nov 5, 2025, 9:10 PM
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