Craig305
4 months ago
I would be careful jumping aboard this one.
Per the Q2 report:
"Our selling, general and administrative expenses for the six months ended June 30, 2024, consisted mainly of salaries and wages of $1,505,300 and audit and accounting of $3,500".
$1.5M salary for doing what exactly....LOL
Been a dead shell for the last year.
Also buried in Q2.
On July 1, 2024, the Company’s Board of Directors approved a One for Three Hundred (1-for-450) Reverse Stock Split of the issued and outstanding shares of Common Stock. As of the date of filing the reverse split has not been approved by FINRA and as such the financial statements have not been retroactively restated to reflect the split.
Is not worded correctly but a reverse split and an increase of the A/S is a sign of future dilution.
Craig305
4 years ago
3Q ER released.
Another acquisition
On October 23, 2020, Andrew Gaudet entered into a Share Cancellation Agreement in connection
with the Company’s Merger with Everything Produce, Inc. Under the terms of the Share
Cancellation Agreement, Mr. Gaudet agreed to cancel 49,000,000 of his 50,000,000 shares of
Common Stock, contingent upon the Company’s Closing of the Merger with Everything Produce,
Inc., and a second planned reverse merger with Lions Bay Holdings, Inc., a British Columbia
corporation which is affiliated with Everything Produce, Inc. and beneficially controlled by Nathan
Nowak. Until that time, Mr. Gaudet’s 49,000,000 shares are held in escrow. Following the planned
share cancellation, Mr. Gaudet will retain 1,000,000 shares of the Company’s Common Stock.
Craig305
4 years ago
CONTINENTIAL BEVERAGE BRANDS CORPORATION ANNOUNCES MERGER AGREEMENT AND PLAN OF
REORGANIZTION WITH EVERYTHING PRODUCE INC.
OAKVILLE, ONTARIO, NOVEMBER 24, 2020—CONTINENTIAL BEVERAGE BRANDS CORPORATION (OTC:
CBBB) announced the acquisition of 100% of the ownership equity of Everything Produce Inc. (a British
Columbia, Canada Company) in exchange for 38,500,000 common shares of CBBB. Everything Produce
Inc. is now a wholly owned subsidiary of CBBB.
About Everything Produce Inc.
Everything Produce Inc is a wholly owned subsidiary of Continental Beverage Brands Corporation.
Everything Produce is a produce broker that is based out of Richmond, British Columbia. Everything
Produce is focused on becoming a leader in fresh produce sales and creating a substantial value-add
business where secondary produce can be turned into products with a longer shelf life.
Everything Produce concentrates its efforts on sourcing it’s produce from South America and Central
America where costs are lower and the growing season is longer. Our goal is to find growers in
countries like Mexico, Colombia, and Costa Rica and provide opportunities to sell their produce into the
USA and Canadian markets, bringing buyers and sellers together.
On the value-add side, Everything Produce looks to take the secondary produce that doesn’t make it to
the markets and looks to create products like concentrate, freeze dried, and powder. Currently,
Everything Produce has a freeze-dried fruit label called Happy Child, a product targeted at parents of
small children that are looking for a healthy snack that has nothing added…just fruit.
www.epfoodgroup.com
About Continental Beverage Brands Corporation
CBBB is a publicly traded company on the OTC Pink Sheets. Its goal is to acquire companies in
the wholesale food, produce and beverage space.
Investor Contact:
416-825-9367
Continentalbeverage26@gmail.com
Craig305
4 years ago
Float is 2,475,035.
Based on current attorney letter, 53,500,000 of the 55,975,035 O/S are restricted shares.