In Canada, GreenAngel has entered into an advisory agreement to assist Mazza Innovation in its corporate finance and technology commercialization activities in exchange for up to 480,000 Mazza shares, representing approximately 10% of the issued shares in the company.
Mazza is developing a novel pressurized low polarity water extraction technology to acquire high-value phytochemicals from plants that can be incorporated into products such as foods, pharmaceuticals and cosmetics. GreenAngel is leading an initial financing round, to total $300,000, including an initial commitment of $100,000 combined from GreenAngel Technology Ventures and WUTIF Capital.
