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PFO Global finalizes investment agreement with Grenville

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PFO Global Group announced that it has completed an agreement with Grenville Strategic Royalty Corp. for the purchase of a gross sales royalty from Pro Fit Optix Holding Co. LLC doing business as PFO Global Group for a purchase price of $1 million. The agreement carries an option, at Grenville’s election, to advance an additional $500,000.

In exchange for the advance, Grenville will receive a royalty based on PFO’s gross revenues within 1% to 4%, subject to certain adjustments.

The press release stated that PFO deals with the manufacturing and distribution of eye wear through proprietary manufacturing, ordering and delivery systems that reduce cost to eye wear providers and offer a broader range of choice to participants in the U.S. Medicaid and Medicare programs.