Smart Organic announced that it entered into an agreement to purchase the remaining 32% stake in Naughty Nuts – a German bio food brand. While the total price of the deal was not revealed, part of it will be paid by 78 844 of Smart Organic’s own shares. Considering the last closing price of EUR 15.4, the equity component equals EUR 1.2m. As part of the deal, the founder, CEO and majority shareholder of Smart Organic – Yani Dragov will transfer the 78 844 shares in question OTC to the company’s treasury stock at a price of EUR 3.00/share.