$LAGBF Huge News out! Laguna Expands from 135 Affi
Post# of 12925
https://www.accesswire.com/437804/Laguna-Expa...s-Business
KELOWNA, BC / ACCESSWIRE / March 14, 2016 / Laguna Blends Inc. (CSE: LAG) (Frankfurt: LB6A.F) (OTC: LAGBF) (the "Company" or "Laguna" launched sales on March 7th, 2016 with 135 Affiliates in the USA and Canada. As of Sunday March 13th, 2016, the number of Laguna's independent Affiliates across the USA and Canada had grown to 278, with an affiliate growth rate of 105%.
The first product category that Laguna has introduced are unique, instant, functional beverage products that contain hemp protein, omegas and other efficacious ingredients. The first product that is currently being offered for sale is "Caffe", Laguna's protein coffee beverage.
Stuart Gray, Laguna's President and CEO said, "Laguna has launched its business with a high level of interest from independent affiliates residing in the USA and Canada. The demand for high quality, functional beverage products throughout the United States and Canada, coupled with a viable business opportunity has attributed to the spike in affiliate interest. In addition, the positive feedback on Laguna’s first product to market, "Caffe" has been fantastic."
On March 3rd, 2016, Laguna announced that it had signed an LOI between Laguna and Robert Lamberton Consulting for the development of a "Limitless functional beverage Brain health and memory Coffee" product. Under the terms of the LOI all hard costs associated with the development of the brain health and memory coffee will be at Robert Lamberton Consulting's expense. Laguna and Robert Lamberton Consulting intend on entering into a formal R&D and development agreement outlining the details of the relationship before April 15, 2016.
The Company previously announced on March 2, 2016, that it is conducting a non-brokered private placement of up to 1,750,000 units at a price of $0.20 per unit for aggregate gross proceeds of up to $350,000. The Company has now closed the first tranche of this private placement consisting of 1,175,000 units for gross proceeds of $235,000. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.25 per warrant share until March 10, 2018. The units have a hold period expiring on July 11, 2016.
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