NewLeaf Brands Signs ReLyfe and TeaLief Definitive Agreements
2019年8月13日 - 9:30PM
NewLeaf Brands Inc. (CSE:NLB) (OTC: NLBIF)
(FSE:0NF) (“NewLeaf Brands” or the “Company”) is pleased to
announce that it has signed the share purchase agreement with CBD
gel capsule company, ReLyfe Brand LLC (“ReLyfe”) (the “ReLyfe
Agreement”), as previously announced the binding letter of intent
on June 24, 2019.
Pursuant to the terms of the ReLyfe Agreement,
the Company will acquire 100% of the issued and outstanding shares
of ReLyfe (the “ReLyfe Acquisition”). In consideration for the
ReLyfe 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 Issuer will pay a finder’s fee of
843,319 common shares to an arm’s length party in connection with
the closing of the ReLyfe Acquisition.
ReLlyfe’s 25MG soft gel CBD capsules are
seamless, 100% THC FREE, and of the highest quality CBD on the
market. ReLyfe’s products offerings include a 30 count 1 month
supply bottle and a 7 count weekly supply package. Additionally,
the Company looks to expand on the current success of the brand by
adding additional SKUs in the very near future.
The Company further announces that it has signed
the share purchase agreement with CBD tea company TeaLief Brand LLC
(“TeaLief”) (the “TeaLief Agreement”), as previously announced the
binding letter of intent on June 24, 2019.
Pursuant to the terms of the TeaLief Agreement,
the Company will acquire 100% of the issued and outstanding shares
of TeaLief (the “TeaLief Acquisition”). In consideration for the
TeaLief Acquisition, the Company will pay to TeaLief an aggregate
amount of $3,000,000 USD in the form of common shares in the
capital of the Company. The Issuer will pay a finder’s fee of
843,319 common shares to an arm’s length party in connection with
the closing of the TeaLief Acquisition.
TeaLief’s 25MG teabags come in 3 types: a
high-caffeine, mild-caffeine, and non-caffeinated assortment. These
blends were created from herbs and spices from around the globe.
TeaLief’s products offerings include a 16 count box, 7 count
packets, and a 3 count packet.
“We are incredibly pleased with the acquisition
of ReLyfe and TeaLief. We have been in ongoing talks with the
companies for some time about the potential to work together in
some capacity. I was always impressed with the products, branding
and overall concept of the companies. We have big plans going
forward” said Josh Bartch, CEO of NewLeaf Brands.
Closing of the acquisitions is subject to
receipt of all necessary corporate and regulatory approvals,
including the Exchange. All securities issued in connection with
the acquisitions will be subject to a statutory hold period of four
months plus one day from the date of issuance in accordance with
applicable securities legislation.
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 Directors |
For
Further Information Contact |
|
|
Joshua Bartch |
Corporate Communications |
Chief Executive Officer |
info@nabrandsinc.com |
info@nabrandsinc.com |
250-488-6728 |
|
|
We Are Kured Contact: |
|
|
|
Benjamin Martch |
|
Founder & CEO |
|
www.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.
NewLeaf Brands (CSE:NLB)
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