Vancouver, British Columbia--(Newsfile Corp. - October 12, 2016) - InvestmentPitch Media has produced a "video news alert" which provides a brief overview of this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Laguna Blends" in the search box. It is also available for viewing on YouTube (click here).
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The two companies plan to enter into an equity and exclusive license agreement in order to pursue mutually beneficial business opportunities in the Cannabidiol (CBD) bottled water and CBD ingestible product industries. Carlsbad, a market leader in the distribution and sales of nano-amplified CBD bottled water in the USA, has a proprietary process of incorporating CBD into its formulation. www.cbdnaturals.com
Stuart Gray, Laguna's CEO, stated: "With the growing awareness and market demand of CBD worldwide Laguna is positioning itself to be a market leader in the sale of CBD bottled water. In addition to the current sales growth of Carlsbad, Laguna can generate CBD water sales through its existing affiliates in the USA and Canada. Laguna currently is in discussions internationally with wholesale distributors regarding Carlsbad white label opportunities."
Ray Grimm, Laguna's President, commented: "The partnership with Carlsbad, firmly solidifies Laguna as a unique player in the crowded multibillion dollar bottled water industry. The team of Doctors that formulated the Carlsbad water did so with the sole purpose of creating a high alkaline water offering the benefits of CBD. 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."
From 2000 to 2015, bottled water consumption more than doubled in the United States, from 16.7 gallons to 36.4 gallons per person.
These new products complement Laguna's "Caffe", an instant hot coffee beverage infused with both whey and hemp protein, and "Pro369", a water soluble, single serving, hemp protein drink, which is available in 4 flavours.
The backbone of Laguna's infrastructure is its virtual 3D technology Laguna World platform (www.lagunaworld.com), that allows its members to recruit, train, and generate sales.
Laguna will initially purchase a 19% equity interest in Carlsbad for a one-time payment of US$570,000, paid for in Laguna shares. It will have a 120-day option to acquire an additional 41% interest for US$1,230,000 payable in a combination of shares and cash.
Laguna will acquire exclusive marketing rights for CBD water in Canada, Germany, Japan, India, South Korea and Thailand. Laguna will also obtain marketing rights to addition Carlsbad products, such a VitaDots and CBD Gummies in select countries worldwide.
Fundamental Research has a $0.45 target price on Laguna, which is currently trading at $0.28.
For more information, please visit the company's website www.lagunablends.com.
Investor relations is handled by Howe and Bay Financial, which can be reached at 604-449-5302 or email info@HoweandBayFinancial.com.
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