Hip Cuisine Set to Purchase RAWKin’ Juice

10/25/16

LOS ANGELES, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Hip Cuisine Inc., a global fresh-served food purveyor for the health conscious consumer, has entered into an asset purchase agreement to acquire RAWkin’ Juice, the popular organic-vegan spot based in Burbank CA. Under the terms of the purchase agreement RAWkin’ Juice will be required to complete two years of PCAOB-audited financials, which will put the anticipated closing on or before February 15, 2017.

RAWkin’ Juice is known for its 100% organic, cold-pressed, music-themed juices and smoothies.

“The purchase of RAWkin’ Juice will provide Hip Cuisine with a popular brand in the growing organic-vegan market in Southern California. This move will allow us to develop our strategy in the fresh-made healthy nutrition category. Hip Cuisine plans to leverage the brand’s success by building additional vegan-friendly locations and delivery systems. We are excited about this acquisition and look forward to expanding the RAWkin’ Juice brand,” stated Natalia Lopera, CEO of Hip Cuisine.

Larry Biggs, CEO of RAWkin’ Juice said, “With the asset purchase we are confident that popular RAWkin juices, smoothies, organic-vegan menus and desserts and our exclusive Tune Up! Cleanses will reach a larger customer base in the Southern California market. Hip Cuisine will provide the capital and management structure needed to expand the brand’s reach. We expect revenues and profitability to improve significantly as the brand’s popularity continues to spread and costs are leveraged across multiple outlets.”

About Hip Cuisine
Hip Cuisine is an international nutritional value concepts company and global fresh-served food purveyor for the health-conscious consumer. Based in Miami, Florida, its holdings include fusion restaurants in the Western Hemisphere known for fresh, vegan friendly, on-demand nutritious menus and cold-pressed juices and smoothies. Hip Cuisine opened its first location in Panama City, Panama in 2015 designed to deliver a nutritious menu with super-food ingredients at affordable prices tailored for the on-the-go customer looking for a healthy alternative. The company plans to expand its brands in the U.S. and Latin America.

Hip Cuisine’s U.S. address is 2250 NW 114th Ave. Unit 1P, PTY 11020, Miami, FL 33172-3652. The Panama offices are located at Balboa Boutiques, Ave. Balboa, Local 104, Panama City, Panama. Our telephone number is 011-507-6501-8105.
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About RAWkin’ Juice

RAWkin' Juice serves authentic cold pressed juices & smoothies, amazing salads, vegan meals and raw desserts. After years of research RAWkin’ Juice opened its doors in Burbank in 2014 featuring its state-of-the-art organic-vegan kitchen. The company made its own original, cold-pressed juice and smoothie blends, always made fresh to order, for pick up in person or through online delivery. Its colorful, musical menu creates an upbeat theme and a fun environment for healthy conscious customers. Using local sources for organic fruits and vegetables, the company uses glass bottles exclusively to further demonstrate its commitment to optimum credibility of nutrients.

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