NewLeaf Brands Signs Binding LOI to Acquire ReLyfe Brand, LLC
2019年6月24日 - 9:00PM
NewLeaf Brands Inc. (CSE:NLB) (OTC: NLBIF)
(FSE:0NF) (“NewLeaf Brands” or the “Company”) is pleased to
announce that it has entered into a binding letter of intent (the
“LOI”) with ReLyfe Brand, LLC (“ReLyfe”). Under the terms of the
LOI, the Company will acquire 100% of the issued and outstanding
shares of ReLyfe (the “Acquisition”). In consideration for the
Acquisition, the Company will pay to Relyfe an aggregate amount of
$3,000,000 USD in the form of common shares in the capital of the
Company. The share price is to be set on the closing price as
of the date of signing of the LOI. The Acquisition is expected to
close within 60-90 days of submission. Closing is subject to
definitive documentation and applicable regulatory approvals.
ReLyfe is a health-focused gel capsule CBD
company manufactured and based out of Colorado, USA. ReLyfe was
founded to provide high quality, simple to take, effective and
non-habit forming healthy alternative to traditional medication on
the market today. ReLyfe’s THC FREE CBD gel capsules are
changing the way many consumers view hemp-derived CBD because the
gel capsules provide a safe, easy, and discrete alternative to
traditional ways that CBD is enters your system. ReLyfe
offers 3 different sized product offerings: a 2-day starter pack, a
7-day week pack, and a 30-day monthly bottle. ReLyfe’s
products are currently available in stores both in the US and
internationally.
“As I’ve stated before, we have been actively
looking for the best products and companies to add under our
umbrella of companies,” said Josh Bartch, CEO of NewLeaf
Brands. “This potential purchase of ReLyfe further solidifies
our plan to accomplish that moving forward,” Josh continued.
“We have looked at a number of companies that manufacture or offer
a pill product of some sort; none of them hold a candle to the
quality of ReLyfe’s product. Based on our extensive research,
a pill form of CBD is one of the top selling products in the
industry as it stands, we expect this to only continue. As we
continue to expand both our current distribution channels through
We Are Kured LLC and Fresh Water, LLC, we are able to feed our
newly added high quality products into each and every line of
distribution. We intend on updating our loyal shareholders on
other milestones the Company has reached over recent months as well
as what to look for in the future. Needless to say we are very
excited,” Josh concluded.
ABOUT NewLeaf Brands
NewLeaf Brands is an innovative Cannabidiol
(“CBD”) lifestyle Company. Through the Company’s wholly owned
subsidiaries We are Kured and Drink Fresh Water, the Company’s main
business activities encompass the development, marketing and
distribution of CBD products (including vaporizer pens and
beverages) throughout the United States and internationally. In
addition, NewLeaf Brands has extensive retail and cultivation land
investments in Oregon.
For further information about NewLeaf Brands,
please consult the Company’s profile on SEDAR at www.sedar.com or
visit the Company’s website at www.NABrandsInc.com. For further
information about We Are Kured, please visit their website at
www.wearekured.com.
On Behalf of the Board of DirectorsJoshua
BartchChief Executive Officer info@nabrandsinc.com |
For Further Information ContactCorporate
Communicationsinfo@nabrandsinc.com250-488-6728 |
We Are Kured Contact:Benjamin MartchFounder &
CEOwww.wearekured.com |
|
The Canadian Securities Exchange has
neither approved nor disapproved the contents of this
news release and accepts no responsibility
for the adequacy or accuracy hereof.
This news release contains forward-looking
statements, which relate to future events or future performance and
reflect management’s current expectations and assumptions. Such
forward-looking statements reflect management’s current beliefs and
are based on assumptions made by and information currently
available to the Company. Readers are cautioned that these forward
looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to
differ materially from those expected including, but not limited to
completion of planned improvements at both the Canadian and US
sites on schedule and on budget, the availability of financing
needed to complete the Company’s planned improvements on
commercially reasonable terms, planned occupancy by the
tenant-growers, commencement of operations, differences in yield on
expected harvests, delays in obtaining statutory approval for
marijuana production plans, issues that may arise throughout the
grow period, outdoor crops affected by weather, the ability to
mitigate the risk of loss through appropriate insurance policies,
and the risks presented by federal statutes that may contradict
local and state legislation respecting legalized marijuana. These
forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under
applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not
soliciting an offer to buy securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
This news release does not constitute an offer
of securities for sale in the United States. These securities have
not and will not be registered under United States Securities Act
of 1933, as amended, or any state securities laws and may not be
offered or sold in the United States or to a U.S. Person unless so
registered, or an exemption from registration is relied upon.
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