Friday, April 22, 2016

Laguna Blends, Inc. (LAGBF) Proposes Non-Brokered Private Placement

Earlier this week, Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) announced plans to complete a non-brokered private placement of 1,863,636 units priced at $0.11 for gross proceeds of $205,000. Each unit will include one share of the company’s Canadian Securities Exchange common stock, as well as one transferable share purchase warrant exercisable at $0.15 for a period of one year. Laguna plans to rely upon the ‘existing shareholder exemption’, as described in Multilateral CSA Notice 45-313 – Prospectus Exemption for Distributions to Existing Security Holders, as well as other applicable exemptions. Proceeds from this offering are expected to be used toward future IT expenditures, consulting fees, repayment of debts and working capital.

April has proven to be an exciting months for shareholders of Laguna Blends. Early in the month, the company introduced Pro369, a water-soluble hemp protein powder, as its first entry into the functional beverage products market. According to reports from Allied Market Research, this market is expected to surpass $33.6 billion in revenues by 2020. Pro369 joined Caffe, the company’s protein-infused coffee beverage, as a flagship product in Laguna’s rapidly expanding affiliate program. Since the launch of its affiliate program in early March, Laguna has exceeded all growth projections by attracting a base of well over 700 independent affiliates from all corners of the United States and Canada.

Following completion of the proposed placement, Laguna is expected to have the capital needed to build on this solid foundation. The company has already launched phase one of its Laguna World virtual 3D community, positioning it as the first network marketing company to use this technology to train, recruit and drive sales. Additionally, Laguna recently entered into a research and development agreement with Robert Lamberton through which the company will be developing a proprietary brain health, memory coffee product with all costs and expenses related to development covered by Lamberton. Upon completion, Laguna will maintain the intellectual property and worldwide marketing rights for the innovative product in exchange for a small royalty on net sales.

For more information, visit www.lagunablends.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

 The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net

Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

No comments: