KELOWNA, BC / ACCESSWIRE / July 7, 2016 / Laguna Blends
Inc. (CSE: LAG) (OTC:
LAGBF) (Frankfurt: LB6A.F) (the
"Company" or "Laguna") is pleased
to announce that it has signed a non-binding letter of intent (the
"LOI") with Cannaceuticals of California, USA
("Canna"), whereby Laguna and Canna plan to enter
into a definitive Manufacturing and Exclusive Licence Agreement
(the "M&L Agreement") for the purpose of
pursuing mutually beneficial business opportunities in the
Cannabidiol (CBD) skin care industry. The parties
have agreed to an exclusivity period until July 29th in order to
negotiate and sign the M&L Agreement.
The LOI contemplates a manufacturing and licensing arrangement that
includes the following material terms:
- Laguna will purchase the entire existing Canna inventory of
4,500 units for each of the eight existing Canna products for
payment of: (i) US$250,000 (less an initial deposit of US$24,500
that is payable within 7 days of entry into the M&L Agreement)
on a monthly payment schedule over a six-month period; and (ii) a
licence fee of US$100,000 payable in common shares of the Company
at the prior day's closing market price upon entry into the M&L
Agreement.
- Laguna will receive an exclusive licence to sell the Canna
products for an initial period of two years in the USA and Canada.
In addition, Laguna will receive the licence and marketing rights
to sell the Canna products in Asia, Europe and Mexico subject to
Canna receiving regulatory approval for such sales in those markets
and provided Laguna has expanded to those countries. The renewal
term is anticipated to be determined at the end of the initial
term.
- Canna will contribute its research and development expertise in
CBD-derived, high quality, Canna skin care products and Canna will
continue to manufacture and/or arrange manufacturing for future
Canna skin care inventory requirements for Laguna as required.
- Laguna will take possession of all of the existing Canna
inventory after the initial deposit and licence fee has been
paid.
The Canna clinical trials were conducted by BioScreen
(BioScreen) Testing Services Inc. in accordance with the
International Conference of Harmonization Tripartite Guideline on
Good Clinical Practice, applicable FDA regulations /
guidelines.
Pending due-diligence and any necessary approvals Laguna
anticipates offering the Canna products in the USA between August -
September of 2016 with Canada to follow before the end of 2016.
Laguna will publish specific details regarding the findings of the
research that was conducted for the Canna "Facial Serum" at a later
date.
Stuart Gray, CEO and founder of Laguna Blends Inc. said, "Canna
has spent a tremendous amount of time and financial resources to
create what we believe is the highest quality CBD skin care line
available on the market today. By combining the known benefits of
CBD's into a skin care product, we anticipate that Laguna is poised
to become a direct sales leader in the skin care industry." Stuart
Gray went on to say, "By offering the Cannaceuticals skin care line
of products to our affiliates, the Company anticipates an increase
in product sales and recruitment of new affiliates."
*According to a recent report, the global skin care industry is
expected to reach $121 billion in 2016. In the United States alone,
the skin care market will reach $10.7 billion by 2018; that
represents a compounded annual growth rate of 1.9%.
*Source: Zacrep, K., "U.S. Skin Care Market to Reach $10,717.4
Million by 2018," MarketResearch.com, June 23, 2015;
http://blog.marketresearch.com/us-skin-care-market-to-reach-10717.4-million-by-2018
About Cannabidiol (CBD)
Cannabidiol (CBD) is a compound in hemp that has shown to offer
beneficial medical effects to the body without the psychoactive
effects associated with Tetrahydrocannabinol (THC). Scientific and
clinical research, much of it sponsored by the US government,
underscores CBD's potential as a treatment for a wide range of
conditions, including arthritis, diabetes, alcoholism, MS, chronic
pain, schizophrenia, PTSD, depression, antibiotic-resistant
infections, epilepsy, paranoia and other neurological disorders.
CBD has demonstrable neuroprotective and neurogenic effects, and
its anti-cancer properties are currently being investigated at
several academic research centers in the United States and
elsewhere.
About CannaCeuticals
CannaCeuticals Swiss heritage is at the core of Canna's
revolutionary skincare products. It's pure, cosmeceutical-grade CBD
extract hails from the crisp, clean air of Switzerland, but Canna's
heritage goes much further than that. Swiss culture is known for
its precision and perfectionism, and CannaCeuticals radiates that
same standard in every formula it produces. Canna's team of
formulators are made up of chemists and product developers that
analyze every detail, sourcing ingredients from all ends of the
earth to create the most balanced, highly efficacious, anti-aging
CBD skincare products in the world.
CannaCeuticals CBD7 anti-aging skincare products incorporate
cannabidiol (CBD) which is known as a superior antioxidant and
potential anti-inflammatory, both of which are significant in
anti-aging. Canna's Swiss heritage influences a sense of unity in
its products, and it combines CBD with other essential anti-aging
ingredients to create formulas that pack a powerful punch.
About Laguna Blends Inc.
Laguna is a network marketing company that generates retail
sales through independent affiliates. Affiliates utilize tools and
technology that enable them to build an international business from
their own home or anywhere else in the world. This technology
replaces the need for expensive travel and hotel meetings.
The Company is currently focused on the nutritional health benefits
derived from hemp. Laguna's first product category as an entry to
market are functional beverage products that contain hemp and other
efficacious ingredients. Laguna's initial products to market are
the following:
- "Caffe" is an instant, "just add water" hot
coffee beverage that is infused with both whey and hemp protein.
With 2 grams of protein in every serving, Laguna's proprietary
product packs a powerful protein punch. Caffe, contains Instant
coffee, whey protein hydrolysate, hemp protein, natural
flavors.
- "Pro369" is a single serving, "on-the-go,"
plant based, instant, hemp protein that is served cold and comes in
4 delicious flavors. Pro369 is water soluble and can be directly
mixed in water, added to milk, almond milk or coconut milk. Pro369
can also be blended in a shake or smoothie. Pro369 is also a source
of Omegas, 3, 6 and 9 and contains ginseng.
Laguna Blends has been granted approval from Health Canada for
four powdered Pro369 flavours: Chocolate Banana, Mixed Berry and
Vanilla Caramel and Tropical Powder. Pro369 contains Hemp protein,
natural flavors, stevia, and American ginseng.
The Minister of Health from Health Canada has granted Laguna a
product license along with a Natural Product Number ("NPN") for all
four of the Pro369 Flavours. They are all listed under the same
NPN.
i. A source of protein that helps build and repair body
tissues.
ii. Source of amino acids involved in muscle protein synthesis.
iii. Assists in the building of lean muscle.
iv. An adaptogen to help maintain a healthy immune system.
v. Supportive therapy for the promotion of healthy glucose
levels.
Hemp has long been recognized by the health and nutrition industry
as a super food, cited in many publications as a balanced source of
all ingredients required to achieve health and wellness.
HempOmega®
HempOmega® is an environmentally sustainable,
vegetarian source of Omegas 3 and 6 that boasts a superior nutrient
profile. A water soluble, homogenous, powdered ingredient, it can
be easily integrated and/or manipulated, with no unpleasant taste
or chemical contamination – opening up entirely new product
formulation opportunities. Hemp Omega's greater ability to endure
the digestive process delivers unmatched bioavailability, thereby
maximizing its potential health benefits.
The Company sells its products through its independent
affiliates in the USA and Canada.
HempOmega® is a Trademark owned by Naturally Splendid
Enterprises, Ltd. and is used under license by Laguna Blends
Inc.
ON BEHALF OF THE BOARD
"Stuart Gray"
Chief Executive Officer
FOR INVESTOR RELATIONS INFORMATION PLEASE
CONTACT:
QualityStocks
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
ir@lagunablends.com
www.lagunablends.com
www.lagunaworld.com
Join Us On Face Book: https://www.facebook.com/LagunaBlends/
Twitter: @LagunaBlends
Forward-Looking Information:
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to
statements regarding the Company's business, products and future
plans including, without limitation, statements that the company
may successfully enter into and close the M&L Agreement, that
such agreement will be entered into on or prior to July 29th, that
the LOI may contain the terms as currently contemplated, the belief
that the Canna products are the highest quality available, that the
Company is poised to become a direct sales leader in the skin care
industry and that the Company anticipates an increase in product
sales and recruitment of new affiliates. Although the Company
believes that the expectations reflected in the forward looking
information are reasonable, there can be no assurance that such
expectations will prove to be correct and makes no reference to
profitability based on sales reported. Readers are cautioned to not
place undue reliance on forward-looking information. Such forward
looking statements are subject to risks and uncertainties that may
cause actual results, performance and developments to differ
materially from those contemplated by these statements depending
on, among other things, that the transaction closes as
contemplated, that the Company is able to finance its growth and
execute on its business plan, that Canna is able to obtain all
regulatory approvals and that there is sufficient demand for such
products. Except as required by law, the Company expressly
disclaims any obligation, and does not intend, to update any
forward looking statements or forward-looking information in this
news release. The statements in this news release are made as of
the date of this release.
SOURCE: Laguna Blends Inc.
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