Indiva Announces Investment in RetailGo Inc.

Published: January 22, 2019

Indiva Announces Investment in RetailGo Inc.

Indiva Limited has completed a 9.9% equity investment into RetailGo Inc. Indiva will contribute leases for 10 proposed retail locations in Ontario, and will receive a 5-year promissory note in the amount of $730,000, plus an additional $300,000 to be repaid separately, representing funds committed to date.

RetailGo Inc will be managed by Koby Smutylo, who has resigned from his position as COO and Director of Indiva, effective immediately, in order to focus his efforts on RGI. Koby is a co-founder of Indiva. The Indiva board would like to thank Koby for his efforts and contribution, and wish him well in his new endeavour.