CleanGo Innovations Inc. Subsidiary, Kubera Black, Concludes Due Diligence; Decides Against Acquisition of Freia Farmaceutici Srl

Core Viewpoint - CleanGo Innovations Inc. has decided not to proceed with the acquisition of Freia Farmaceutici Srl after a thorough evaluation, as it did not align with the company's strategic growth model [1][2][3] Strategic Rationale - The decision was influenced by a focus on capital efficiency and time-to-market, with management emphasizing that the project required excessive time and capital for a global launch [3][7] - CleanGo Innovations aims to prioritize higher-growth opportunities that better fit its rapid-scale objectives [4][7] Future Outlook - The company remains committed to a disciplined acquisition strategy, preserving its capital position and executive bandwidth for more immediate growth opportunities [4][5] Company Overview - CleanGo Innovations Inc. specializes in developing early-stage, green, non-toxic, and sustainable products for retail, commercial, and industrial applications [5][6] - The company offers a suite of proprietary, Green Seal Certified products that are Health Canada approved for 99.9% disinfecting efficacy against viruses and bacteria on hard surfaces [6][8]