KELOWNA, BC / CRWEPRESSRELEASE / September 22, 2015 / Laguna Blends Inc. (formerly Grenadier Resource Corp.) (CNSX:LAG) (the “Company“) is pleased to announce that it will resume trading on the Canadian Securities Exchange (the “CSE“) at the opening of the market on Wednesday, September 23, 2015. The Company is in receipt of final approval from the CSE. The new trading symbol of the Company will be “LAG“.
On September 21, 2015, the Company announced the completion of the arm’s length acquisition of all of the issued and outstanding shares of Laguna Blends (USA) Inc. (formerly Laguna Blends Inc.) (“Laguna USA“) in exchange for the issuance of shares of the Company (the “Share Exchange“) as previously announced in its news releases of January 19, April 8, April 14, July 20 and September 3, 2015. As a result of the Share Exchange, the business of Laguna USA is now the Company’s business, and the Company’s name was changed to “Laguna Blends Inc.” to reflect the change of business. Details of the Share Exchange can be found in the Company’s listing statement dated August 31, 2015 (the “Listing Statement“), available on SEDAR at www.sedar.com and on the CSE website at www.thecse.com.
Directors and Officers
In connection with the closing of the Share Exchange, Glenn Little resigned as the President, Chief Executive Officer and Chief Financial Officer, but remains as a director of the Company. Jacques Martel and Jon Sherron resigned as directors of the Company. Stuart Gray has been appointed President, Chief Executive Officer, Chief Financial Officer and a director of the Company, Martin Carleton and Rhys Williams were appointed directors of the Company, and Negar Adam was appointed Corporate Secretary of the Company.
About Laguna Blends Inc.
The Company’s business is focused on the nutritional health benefits derived from hemp. The Company is a network marketing direct sales company that intends to generate retail sales through independent affiliates. The Company’s affiliates utilize tools and technology that enable them to build an international business from their own home or while travelling.
The first products to be launched by the Company are expected to be functional beverages that provide high levels of protein and/or nutrition. The Company’s products are made from high quality hemp protein. Some of the Company’s current products are hemp coffee – coffee beverages that contain both whey and hemp protein. In addition, the Company plans to market a variety of unique single serving “on-the-go” hemp protein mixes with various flavors. The hemp proteins are water soluble and can be directly mixed in water or added to milk, almond milk or coconut milk. In addition, the hemp protein can be blended in a shake with fruit. The Company also plans to offer other product categories in the future. The Company intends to sell its products through its independent affiliates in the USA and Canada and anticipates launching its business in the Fall of 2015.
ON BEHALF OF THE BOARD
President, Chief Executive Officer,
Chief Financial Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the resumption of trading on the CSE and statements regarding the Company’s business, products and future plans including, without limitation, statements regarding the expected launch date for 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 will not commence trading on the CSE for any reason, 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. The statements in this news release are made as of the date of this release.
SOURCE:Laguna Blends Inc.