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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (27116)3/13/2017 7:01:43 PM
From: Goose94Read Replies (1) of 203577
 
Laguna Blends (LAG-Cse) March 13, '17 Further to its earlier announcement today, Laguna Blends Inc. is responding to a trading halt by the Investment Industry Regulatory Organization of Canada (IIROC). The company announced that it had signed a letter of intent to acquire 100-per-cent interest of a global cannabis leader with unaudited annualized sales of $12-million (U.S.) and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1,588,000 (U.S.). Subject to final terms being determined, the consideration for this transaction is expected to be a combination of cash and stock totalling $12.5-million (U.S.). The transaction, which is subject to customary closing conditions and due diligence, is expected to close within three weeks. A more comprehensive news release will be issued when the definitive agreement is executed.

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 which formulate and/or manufacture cannabis products. Laguna Blends markets hemp-derived products utilizing its B to B network along with driving traffic to its on-line marketplace.

ON BEHALF OF THE BOARD

“Ray Grimm Jr”
CEO, President & Director

CORPORATE MEDIA:
Email: ir@lagunablends.com
Websites: www.lagunablends.com
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