Laguna Completes Definitive Equity Agreement with Carlsbad Naturals for Nano-Amplified CBD Water
27 January 2017 - 12:00AM
Access Wire
KELOWNA, BC / ACCESSWIRE / January 26, 2017 / Laguna
Blends Inc. (CNSX: LAG) (OTC PINK: LAGBF) (FSE: LB6A.F) (the
"Company" or "Laguna") is pleased to announce that it has
signed a definitive agreement with Carlsbad Naturals LLC
("Carlsbad") whereby Laguna and Carlsbad have
entered into an equity acquisition agreement ("Equity
Agreement") for the purpose of pursuing mutually
beneficial business opportunities in the Cannabidiol (CBD) bottled
water Industry and CBD ingestible products Industry (the
"Transaction").
Carlsbad is a leader in the distribution and sales of CBD
bottled water in the USA through its unique and proprietary process
of infusing CBD's though nanotechnology. Carlsbad Naturals has
revenues of $521,000 from September 1, 2016 - December 31, 2016. In
addition to the current sales growth of Carlsbad, Laguna plans to
generate CBD water sales through its Club 8 online marketplace and
its B to B distribution channel in the USA and Canada.
Ray Grimm, President & CEO of Laguna Blends, states: "The
partnership with Carlsbad firmly solidifies Laguna as a unique
player in the multibillion dollar bottled water and functional
beverage industry. Carlsbad CBD water was formulated with the sole
purpose of creating a high alkaline water with the added benefits
of CBDs. Many believe this to be the next evolution in the water
industry, providing unique health benefits due to the proprietary
nanotechnology. Carlsbad CBD water provides antioxidants at the
cellular level along with providing cellular hydration and energy.
Laguna is currently in discussions with Carlsbad regarding further
business opportunities including but not limited to the acquisition
of controlling interest."
Charles Vest, VP of Sales of Laguna Blends Inc.'s new hemp and
CBD on-line marketplace "Club 8" said: "According to new data from
Arcview Market Research, cannabis consumers in North America spent
a combined $53 billion in cannabis consumables in 2016. The legal
supply of cannabis product increases in North America because
several US states have recently joined the list of legalizers while
at the same time lawmakers are expected to begin the process of
recreational legalization in Canada later this year. The estimated
$53 billion in sales is more than was generated by McDonald's and
Starbucks combined in 2016."
"The high amount of existing consumers differentiates cannabis
from other major consumer-market investment opportunities in
history. There is a huge demand for clean cannabis products in our
industry today. We just need to move demand for an already
widely-popular product into safe and legal channels. Experts see
the biggest growth in sectors like edibles and concentrates. It is
much easier and safer to buy these products from a trusted retailer
than to make them at home. Not only Carlsbad's Nano-Amplified CBD
Water, but all of our current and upcoming products in "Club 8"
will benefit from this massive and unstoppable growth trend," he
added.
Pursuant to the terms of the transaction, Laguna has up to 75
days to acquire a 19% equity stake in Carlsbad. Laguna will
initially purchase nineteen percent (19%) equity interest in
Carlsbad for a one-time payment of $250,000 USD paid for in cash
and $546,000 paid for in Laguna common shares for a total purchase
price of $796,000.00 USD. Laguna is currently in discussions about
acquiring additional equity interest, for majority control.
The common shares issued for the initial 19% are subject to lock
up and/or leak out provisions whereby the first 1/12 of the common
shares will be released 4 months and a day after issuance. 1/12
will be issued every subsequent month thereafter.
About Carlsbad Naturals
Created by a team of doctors, Carlsbad Naturals brings cutting
edge science to deliver nutrients and hydration in an effective
way, naturally and responsibly. Applying quantum physics, our
nanotechnology successfully increases the surface area of each
substance we put in our water, so that less is much more. Carlsbad
Naturals is a market leader in the distribution and sales of CBD
Water using its unique and proprietary process of infusing CBD's
though nanotechnology. For more information about Carlsbad
Naturals, please go to www.cbdnaturals.com.
About Laguna Blends Inc.
Laguna Blends is a market leader in the distribution of Hemp and
CBD products. Laguna's growth strategy includes acquiring and
incubating companies who formulate and or manufacture Hemp
products. Laguna Blends markets Hemp products utilizing its B to B
Network along with driving traffic to its online marketplace. It is
Laguna's intent to provide the highest quality hemp product
experience for the end user, utilizing a proprietary nanotechnology
in many of its consumable and topical skin care products. Laguna is
currently seeking joint ventures and acquisitions to expand its
portfolio and will aggressively begin international expansion into
Asia and Europe in 2017.
ON BEHALF OF THE BOARD
"Ray Grimm Jr"
CEO, President & Director
CORPORATE COMMUNICATIONS:
Howe & Bay Financial: 604-449-5302
COROPRATE MEDIA:
ir@lagunablends.com
www.lagunablends.com
https://cbdskincream.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 the Company's business, its
product offerings and plans for sales and marketing. 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. 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, the risks that the Company's
products and plan will vary from those stated in this news release
and the Company may not be able to carry out its business plans as
expected. 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. 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.
The statements in this news release are made as of the date of this
release.
SOURCE: Laguna Blends Inc.