Jackson said the new company won’t require a lot of capital as it will operate at the Belmont plant which will continue to be owned by Jam Teas. He said Jam Teas will also own about 70%-75% of the spin off company. A General Manager will also be named in the coming days for the new subsidiary to begin duties on November 1.
https://kalilahreynolds.com/early-2022-target-for-caribbean-dream-food-ipo/