04:42 PM EDT, 09/30/2025 (MT Newswires) -- Sucro ( SUGRF ) on Tuesday said it closed a the acquisition of the remaining 49 % ownership interest in Sweet Life Services.

Under the transaction, a Sucro ( SUGRF ) subsidiary acquired the outstanding interest from Amerikoa Holdings and MB Central-Bond LLC, entities controlled by Matthew Dyer, Sucro's ( SUGRF ) Vice President of U.S. Sales.

In exchange, Sucro ( SUGRF ) issued 155,550 subordinate voting shares at a deemed price of $13.35 per share, along with an additional 15,215 subordinate voting shares in satisfaction of a promissory note and accrued interest owed by the MB Companies. Part of the consideration also included the transfer of a 19% interest in Amerikoa Ingredients, LLC (in which the MB Companies already held an 81% stake). The promissory note surrendered had a principal of US$142,133 plus accrued interest of US$4,588.

Sweet Life, which provides value-added sugar processing and warehousing services and acts as a U.S. distribution agent for Sucro's ( SUGRF ) sugar products, will now become a wholly owned subsidiary.

Sucro ( SUGRF ) shares closed down $0.05 to $12.90 on the TSX Venture Exchange.