Laguna Blends acquires stake in Carlsbad Naturals
Laguna and Carlsbad entered into an equity acquisition agreement (“Equity Agreement”) for the purpose of pursuing mutually beneficial business opportunities in the Cannabidiol (CBD) bottled water Industry and CBD ingestible products Industry (the “Transaction”). Laguna has completed the purchase of nineteen percent (19%) equity interest in Carlsbad for a one-time payment of $250,000 USD paid for in cash and $546,000 paid for in Laguna common shares for a total purchase price of $796,000.00 USD. Laguna is currently in discussions about acquiring additional equity interest, for majority control.
The common shares issued for the initial 19% are subject to lock up and or leak out provisions
whereby the first 1/12 of the common shares will be released 4 months and a day after issuance. 1/12 will be issued every subsequent month thereafter.
Ray Grimm, President & CEO of Laguna Blends, said “Laguna has worked diligently to close the equity transaction and is very bullish on the future revenue potential of Carlsbad Naturals. As previously announced Laguna currently sub leases office and warehouse space to Carlsbad and our co-working relationship already has resulted in mutually beneficial opportunities.”
Troy Nihart, COO to Carlsbad Naturals, stated “Carlsbad and Laguna have a synergistic relationship, combining management and personnel. We are excited to have Laguna as a strategic partner and now as a shareholder in Carlsbad. I believe that this is the beginning of a very long and prosperous relationship.”
Carlsbad is a leader in the distribution and sales of CBD bottled water in the USA through its unique and proprietary process of infusing CBD’s though nanotechnology. Carlsbad Naturals has revenues of $521,000 from September 1, 2016 - December 31, 2016. In addition to the current sales growth of Carlsbad, Laguna plans to generate CBD water sales through its Club 8 online marketplace and its B to B distribution channel in the USA and Canada.
About Carlsbad Naturals
Created by a team of doctors, Carlsbad Naturals brings cutting edge science to deliver nutrients and hydration in an effective way, naturally and responsibly. Applying quantum physics, our nanotechnology successfully increases the surface area of each substance we put in our water, so that less is much more. Carlsbad Naturals is a market leader in the distribution and sales of CBD Water using its unique and proprietary process of infusing CBD’s though nanotechnology. For more information about Carlsbad Naturals, please go to www.cbdnaturals.com
About Laguna Blends Inc.
Laguna Blends is a market leader in the distribution of Hemp and CBD products. Lagunas growth strategy includes acquiring and incubating companies who formulate and or manufacture Hemp products. Laguna Blends markets Hemp products utilizing its B to B Network along with driving traffic to its online marketplace. It's Lagunas intent to provide the highest quality hemp product experience for the end user, utilizing a proprietary nanotechnology in many of its consumable and topical skin care products. Laguna is currently seeking joint ventures and acquisitions to expand its portfolio and will aggressively begin international expansion into Asia and Europe in 2017.
