Pervasip Corp. announced today it closed agreement to acquire 90 percent of the issued and outstanding equity of Canalytix LLC, an energy and resource solutions provider.
"We are excited to complete this transaction and leverage our historical technology development experience to gain entry into an exciting and rapidly growing business," Pervasip CEO Paul Riss said. "Canalytix is positioning its offering to meet the specific needs of indoor grow facilities, and the company has allied itself with a Denver-based distributer of hydroponic equipment to integrate and provide the Canalytix technology to existing clients."
Pervasip’s acquisition of Canalytix equity was completed in exchange for preferred shares equal to 10 percent of Pervasip issued and outstanding equity and 25 percent of issued and outstanding common stock.
