The Company was invited by the B.C. Ministry of International Trade to participate in an international trade mission to South Korea, the Philippines and Japan. The trade mission focused on trade and investment in key sectors and developing opportunities in emerging markets within the region.
Naturally Splendid was able to make contact with many of British Columbia’s Trade and Investment Representatives (TIRs) as well as make multiple business connections during the trade mission. British Columbia’s International Trade Representatives (TIRs) play an integral role in the development and execution of international missions by identifying investment leads and facilitating meetings with government stakeholders. TIRs also work with the Ministry of International Trade’s team of specialists in British Columbia to help B.C. businesses further their overseas presence, and assist international businesses discover what B.C. has to offer as an investment destination.
Naturally Splendid CEO, Craig Goodwin stated:
We were most honored to be invited by the B.C. Ministry of International Trade to participate in this key trade mission with Premier Clark. We continue to grow our exporting sales in South Korea and are increasing our exporting efforts not only in South Korea, but also throughout the Asian region. Business opportunities continue to grow in South Korea and we were able to make key contacts in Japan. Although industrial hemp is not yet approved in the Philippines, there are several business opportunities not hemp related we are exploring and we were able to attend the opening of the new trade and investment office in Manila”. This is B.C.’s 12th international trade and investment representative office; other locations include Japan, China, Korea and India. The Asian region remains of high interest for Naturally Splendid in regards to expanding our exporting territory. The opportunity to meet key contacts in Japan has accelerated the exporting opportunities there. Japan has a population nearing 130,000,000. In comparison, South Korea has a population of approximately 50,000,000. Naturally Splendid VP of Operations Bryan Carson states, “We see many similar signals coming from Japan that we observed in South Korea when we initially launched there. With an increased population base comes the potential to create significant exporting opportunities.
CanBud Distribution Corporation Closes 2M Second and Final Tranche of its Oversubscribed Private Placement Offering
CanBud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“CanBud” or the “Corporation”) is pleased to announce that it has closed the final tranche of its oversubscribed non-brokered private placement for aggregate gross proceeds of approximately $4,730,000 (the “Offering”).
The Corporation issued a combined total of 39,409,346 units (each a “Unit“) at price of $0.12 per Unit, with each Unit comprised of one common share in the capital of the Corporation (each a “Common Share“) and one common share purchase warrant (each a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.22 within 24 months of the closing of the Offering (the “Warrant Term“), provided, however that if the closing price of the Common Shares on the Canadian Securities Exchange (the “CSE“) (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is $0.25 or greater per Common Share for a period of five (5) consecutive trading days at any time after the closing date of the Offering, the Corporation may accelerate the Warrant Term such that the Warrants shall expire on the date which is 30 days following the date a press release is issued by the Corporation announcing the reduced warrant terms.
Thoughtful Brands Inc. (CSE:TBI)(FSE:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands) announces that the letter of intent with Franchise Cannabis Corp. (“FCC”), previously announced in January, has been terminated. The previously announced European joint venture with FCC will continue and allow the Company to launch and tailor its products to European consumer demands
In connection with termination of the merger transaction with FCC, the Company has agreed to pay FCC $100,000 in cash and to issue FCC 5,000,000 common shares of the Company at a deemed value of $0.05 per share. The common shares will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
Mergers and acquisitions (M&A) in cannabis space have helped boost the industry to new levels.
Strategic sale of non-core assets by Lobe adds non-dilutive capital and shareholder value
Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) is pleased to announce, further to its press release dated February 23, 2021, that it has completed the sale to Ionic Brands Corp. (“Ionic Brands”) of Lobe’s non-core cannabis assets relating to Washington-based Cowlitz County Cannabis Cultivation Inc. (“Cowlitz”) held by Lobe’s subsidiary vendor, Green Star Biosciences Inc. (the “Transaction”).
Seattle Area Grocery Chain Metropolitan Market to Begin Carrying KOIOS and Fit Soda on March 22, 2021
Adding to its existing presence on the west coast of the United States, all five KOIOS™ flavours and all four Fit Soda™ flavours will be carried in Metropolitan Market stores beginning on Monday, March 22, 2021. Serving the Seattle-Tacoma area (population 3.87 million), Metropolitan Market is one of five chains under its parent firm Good Food Holdings, which has a total of 51 stores in California, Oregon, and Washington State.
Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that beginning on Monday, March 22, 2021, Koios’ entire line of canned beverage products will be sold at all locations of Metropolitan Market, an urban format supermarket chain in the Seattle-Tacoma area of Washington State. In Q1 2021, the Company announced multiple placements of its beverage products with regional grocers in markets on the west coast of the United States including Market of Choice in Oregon Jensen’s in Southern California and major natural grocery chain Sprouts Farmers Market which has a substantial west coast presence with over one third of its locations (360+ stores across 23 states) in California as well as Washington State 1 . The Company has also recently announced other developments relating to its expansion efforts being undertaken in 2021 such as an in-house beverage canning facility and distribution agreements with regional and national wholesale partners.