Vancouver, British Columbia--(Newsfile Corp. - September 23, 2015) - Laguna Blends Inc. (CSE: LAG) is one of the latest new listings on the Canadian Securities Exchange, and will trade under the symbol LAG. The company, which formerly traded as Grenadier Resource Corp., has acquired all of the issued and outstanding shares of Laguna Blends (USA) Inc.
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The company is focused on the nutritional health benefits derived from hemp, and intends to generate retail sales through independent affiliates.
The first products to be launched are expected to be functional beverages that provide high levels of protein and/or nutrition. One of the company's current products is hemp coffee, which contains both whey and hemp protein.
The company also plans to market a variety of unique single serving "on-the-go" hemp protein mixes in various flavours. The hemp proteins are water soluble and can be directly mixed in water or added to milk, almond milk or coconut milk, or if you choose, blend them in a shake with fruit.
Stuart Gray, President & CEO stated: "We are very pleased to have completed the share exchange. We appreciate the support of our shareholders as we continue our focus on increasing shareholder value. We look forward to implementing Laguna's business and marketing strategy."
The company has 44.5 million shares outstanding, with 7.5 million subject to escrow, and another 20.16 million shares in a voluntary pooling agreement.
The company has announced a non-brokered private placement and is planning to raise up to $1 million through the issuance of up to 3.6 million units at a price of $0.28 per unit. Each unit consists of 1 share and 1 warrant, with the warrant exercisable at $0.50 for two years, subject to an acceleration provision should the shares trade at $0.60 or more for 20 consecutive trading days.
For more information, please visit the company's website www.lagunablends.com, or contact Stuart Gray, President & CEO at 250-868-0787 or email lagunablendsCEO@gmail.com.
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