Bhang Announces LOI to Acquire Innovative Patents and IP
Bhang Announces LOI to Acquire Innovative Patents and IP
Las Vegas, Nevada--(Newsfile Corp. - March 6, 2023) - Bhang Inc. (CSE: BHNG) (OTCQB: BHNGF) ("Bhang" or the "Company"), a global cannabis IP company with an award-winning portfolio of products, announced today that it has signed a letter of intent (the "LOI") to acquire 1352135 B.C. Ltd. ("BC Corp") to obtain access to minor-cannabinoid, cannabis, THC, and psychedelic-related patents and intellectual property pivotal in building Bhang's portfolio beyond chocolate and edible cannabis brands.
内华达州拉斯维加斯-(Newsfile Corp.-2023年3月6日)-Bang Inc.(CSE:BHNG)(OTCQB:BHNGF)(“Bang“或”公司拥有屡获殊荣的产品组合的全球大麻知识产权公司)今天宣布,它已经签署了一份意向书(The意向书“)收购1352135 B.C.Ltd.(”BC公司“)获得次要大麻素、大麻、THC和迷幻相关专利,以及知识产权,这对Bang建立巧克力和可食用大麻品牌以外的产品组合至关重要。
"We are innovating new products and proprietary delivery methods designed to enhance and complement consumer happiness, lifestyle, and well-being," says Graham Simmonds, Bhang's Interim CEO. "This proposed acquisition is an exciting step on that path, bringing new IP into the Bhang portfolio, and putting us in a position to leverage our global brand recognition with new revenue streams from both existing and new distribution platforms."
Bang的临时首席执行官格雷厄姆·西蒙兹表示:“我们正在创新新产品和专有交付方式,旨在增强和补充消费者的幸福感、生活方式和福祉。”这项拟议中的收购是在这条道路上迈出的令人兴奋的一步,将新的知识产权纳入Bang产品组合,使我们能够利用我们的全球品牌认知度,从现有和新的分销平台获得新的收入来源。“
Late last year, Mr. Simmonds highlighted his new vision for the Company, led by distribution and direct-to-consumer opportunities at the retail level within the minor cannabinoid market, which is expected to reach USD $26.2 billion by 2028, at a CAGR of 20.1% (in the U.S.), and the functional mushroom market, which will reportedly reach $13.6 billion by 2027, rising at a market growth of 8.7% CAGR (globally).
去年年底,西蒙兹先生强调了他对公司的新愿景,以零售层面的分销和直接面向消费者的机会为主导,预计到2028年,小大麻市场将达到262亿美元,复合年增长率为20.1%(美国),功能性蘑菇市场,据报道,到2027年将达到136亿美元,(全球)市场复合增长率为8.7%。
The patents and IP that are available to BC Corp. through certain exclusive licensing agreements include mucosal strips and biphasic edibles, which are new, innovative delivery methods and formulations for THC, minor cannabinoids, and psychedelic-infused edible products.
BC公司通过某些独家许可协议可获得的专利和知识产权包括粘膜条和两相可食,这是THC、少量大麻和迷幻剂注入的可食用产品的新的创新输送方法和配方。
Pursuant to the LOI, the Company would acquire all of the issued and outstanding common shares of BC Corp on or before March 10, 2023. In consideration for the acquisition, the Company would issue to the vendors of BC Corp. Cdn. $1,000,000 in subordinate voting shares of Bhang ("SVS") at a price of Cdn. $0.05 per SVS. The closing of the acquisition is subject to the approval of Bhang's board of directors, and pending the results of any due diligence and approvals required by any applicable regulatory body.
根据意向书,公司将于2023年3月10日或之前收购BC公司的所有已发行和已发行普通股。作为收购的对价,该公司将向BC Corp.Cdn的供应商发行。价值1,000,000加元的Bang附属有表决权股份(“SVS”),价格为加元。每个SVS$0.05。收购的完成还需得到Bang董事会的批准,并等待任何适用监管机构要求的任何尽职调查和批准的结果。
About Bhang
关于Bang
Bhang (CSE: BHNG) (OTCQB: BHNGF) has been providing its licensees with an award-winning portfolio of premium brands for over a decade. With roots in master-chef-created chocolate and cannabis edibles, the Company continues to grow as a global consumer packaged goods company dedicated to developing intellectual property and products designed to enhance and complement consumer happiness, health, and well-being. Find out why life is better with Bhang at bhangnation.com.
十多年来,Bang(CSE:BHNG)(OTCQB:BHNGF)一直为其许可证持有人提供屡获殊荣的高端品牌组合。该公司植根于大厨制作的巧克力和大麻食品,继续成长为一家致力于开发知识产权和产品的全球消费包装产品公司,旨在增强和补充消费者的幸福、健康和福祉。在bangation.com上了解为什么和Bang一起生活更好。
For additional Bhang news, visit us at bhangnation.com/blogs/press.
欲了解更多Bang新闻,请访问我们的网站:bangNational.com/blog/press。
FORWARD-LOOKING STATEMENTS
前瞻性陈述
This press release contains statements which constitute "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward‐looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: (i) the ability of the Company to complete its obligations under the LOI; and (ii) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward‐looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward‐looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward‐looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; in particular, in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public perception of cannabis; decreases in the prevailing prices for cannabis and hemp products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; the cannabis market is highly regulated and those regulations and enforcement priorities of governmental authorities may change; compliance with extensive government regulation and related costs; and other risks described in the Company's filings on . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward‐looking information except as otherwise required by applicable law.
本新闻稿包含构成适用证券法定义的“前瞻性信息”的陈述,包括有关公司对未来业务活动的计划、意图、信念和当前预期的陈述。前瞻性信息通常用“可能”、“将会”、“可能”、“应该”、“将会”、“打算”、“计划”、“预期”、“相信”、“估计”或类似的表述来标识,包括有关以下方面的信息:(I)公司完成其在意向书项下义务的能力;以及(Ii)对其他经济、商业和/或竞争因素的预期。请投资者注意,前瞻性信息不是基于历史事实,而是反映了公司管理层对公司未来业绩或事件的预期、估计或预测,这些预期、估计或预测是基于在陈述发表之日被认为是合理的管理层的意见、假设和估计。尽管本公司相信该等前瞻性信息所反映的预期是合理的,但该等信息包含风险和不确定因素,不应过度依赖该等信息,因为未知或不可预测的因素可能会对未来的业绩、业绩或成就产生重大不利影响。可能导致实际结果与前瞻性信息中预测的结果大相径庭的关键因素如下:总体经济、商业和政治状况的变化,包括金融市场的变化;, 这些风险包括:公司以预期的金额和成本筹集债务和股权资本的能力;公众对大麻认知的不利变化;公司经营市场大麻和大麻产品现行价格的下降;适用法律的不利变化或现行法律的应用或执行的不利变化;大麻市场受到严格监管,这些法规和政府当局的执法重点可能发生变化;遵守广泛的政府监管和相关成本;以及公司提交给。如果这些风险或不确定性中的一个或多个成为现实,或者前瞻性信息背后的假设被证明是不正确的,实际结果可能与本文中描述的预期、计划、预期、相信、估计或预期的结果大不相同。尽管该公司试图识别可能导致实际结果大不相同的重要风险、不确定因素和因素,但可能还有其他因素导致结果与预期、估计或预期的不同。除非适用法律另有要求,否则公司不打算也不承担任何义务更新这些前瞻性信息。
Neither CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
CSE及其监管服务提供商均不对本新闻稿的充分性或准确性承担责任。
INVESTOR CONTACT:
投资者联系方式:
Graham Simmonds
Executive Chairman & Interim CEO
Bhang Inc.
(416) 843-2881
invest@bhangcorporation.com
格雷厄姆·西蒙兹
执行主席兼临时首席执行官
Bang Inc.
(416) 843-2881
邮箱:Invest@bangCorporation ation.com
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