Bhang Completes Acquisition of Innovative Patents and IP
Bhang Completes Acquisition of Innovative Patents and IP
Las Vegas, Nevada--(Newsfile Corp. - May 1, 2023) - Bhang Inc. (CSE: BHNG) (OTC Pink: BHNGF) ("Bhang" or the "Company"), a global cannabis CPG brand company with an award-winning portfolio of products, is pleased to announce that further to its press release dated March 6, 2023, it has entered into a share purchase agreement (the "Agreement") with 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. The transaction was completed and Bhang acquired all the shares of BC Corp. effective on April 28, 2023.
内华达州拉斯维加斯-(Newsfile Corp.-2023年5月1日)-Bang Inc.(CSE:BHNG)(场外粉色:BHNGF)(“Bang“或”公司),一家产品组合屡获殊荣的全球大麻CPG品牌公司,欣然宣布,继于2023年3月6日发布新闻稿后,该公司已签订股份购买协议(协议“)与公元前1352135年的有限公司(”BC公司.)获得小麻素、大麻、THC和迷幻剂相关专利,以及知识产权,这在打造Bang的巧克力和食用大麻品牌以外的产品组合方面至关重要。交易完成,Bang收购了BC Corp.的全部股份,从2023年4月28日起生效。
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。
"This acquisition is a pivotal step along the path of our new strategic vision," said Graham Simmonds, Bhang's interim CEO, a direction 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).
Bang的临时首席执行官格雷厄姆·西蒙兹表示:“此次收购是我们实现新战略愿景的关键一步。”该公司的发展方向是小型大麻类药物市场的分销和直接面向消费者的机会,预计到2028年将达到262亿美元,年复合增长率为20.1%(在美国),功能性蘑菇市场(据报道到2027年将达到136亿美元)将以8.7%的复合年增长率(全球)增长。
As per the terms of the Agreement, in consideration for all of the issued and outstanding shares of BC Corp., Bhang has issued to the shareholders of BC Corp. an aggregate of $1,000,000 in subordinate voting shares of Bhang ("SVS"), amounting to 20,000,000 SVS at a price of $0.05 per SVS.
根据协议条款,作为对BC Corp.所有已发行及已发行股份的对价,Bang已向BC Corp.的股东发行合共1,000,000美元的Bang附属有表决权股份(“SVS“),共计20 000 000个SVS,每个SVS的价格为0.05美元。
About Bhang
关于Bang
Bhang (CSE: BHNG) (OTC Pink: BHNGF) has been providing consumers around the world 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 providing products designed to enhance and complement consumer happiness, health, and well-being. Find out why life is better with Bhang at bhangnation.com. For additional Bhang news, visit us at bhangnation.com/blogs/press.
十多年来,Bang(CSE:BHNG)(场外粉色:BHNGF)一直为全球消费者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,作为一家致力于提供旨在增强和补充消费者幸福、健康和福祉的产品的全球消费品公司,该公司继续发展壮大。在bangation.com上了解为什么和Bang一起生活更好。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 Agreement; 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 reflect 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”、“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)公司履行协议义务的能力;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不相同的关键因素如下:总体经济、商业和政治条件的变化,包括金融市场的变化;特别是公司以预期的数额和成本筹集债务和股权资本的能力;公众对大麻的看法发生不利变化;公司经营的市场上大麻和大麻产品的现行价格下降;适用法律的不利变化或现行法律的适用或执行方面的不利变化;大麻市场受到严格监管,这些法规和政府当局的执法优先事项可能会改变;遵守广泛的政府法规和相关成本;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。
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States or to any "U.S. Person" (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
本新闻稿不构成出售要约或征求购买要约,也不会在任何司法管辖区出售任何此类要约、征求或出售将是非法的证券。本公司的证券尚未、也不会根据修订后的1933年美国证券法(“美国证券法”)或美国任何州的证券法注册,不得在美国境内或向任何“美国人”(定义见美国证券法下的S规则)进行发行或销售,除非根据美国证券法和适用的州证券法注册,或根据豁免此类注册要求进行注册。
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。
INVESTORS CONTACT:
Graham Simmonds
Executive Chairman & Interim CEO
Bhang Inc.
(416) 843-2881
invest@bhangcorporation.com
投资者联系方式:
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
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问