Organic Flower Investments Group Inc.’s $32 Million Majority Interest Acquisition In PowerTap Hydrogen Fueling Corp.


Wildeboer Dellelce acted as legal counsel to PowerTap on the deal.

Organic Flower Investments Group Inc. (CSE: SOW) (FWB: 2K6) (OTC: QILFF), an investment company listed on the Canadian Securities Exchange that specializes in investments in the health and renewable energy industries, acquired a 90% equity interest in PowerTap Hydrogen Fueling Corp. (“PowerTap”) in a share exchange transaction (the “Transaction”) with a deemed value of approximately $32 million. PowerTap is a California-based company focused on being the leader in building cost-effective hydrogen fueling infrastructure through its environmentally friendly intellectual property, product design for the modularized and lowest tier production cost of hydrogen, and launch plan.

Wildeboer Dellelce acted as legal counsel to PowerTap in connection with the Transaction with a team consisting of Jeff Hergott (Picture), Jeff Bookman, Katie Drury and Brendan Wu (Corporate and Securities) and Katy Pitch (Tax).

Involved fees earner: Jeff Bookman – Wildeboer Dellelce LLP; Jeff Hergott – Wildeboer Dellelce LLP; Katy Pitch – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: PowerTap Hydrogen Fueling Corp. ;

Author: Ambrogio Visconti