$LAGBF ighlights recent milestones complementary t
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Most recently and as previously announced, Laguna signed a non-binding letter of intent to acquire the exclusive license brand name and existing inventory of CannaCeuticals of California, USA ("Canna", a Swiss heritage company utilizing cosmeceutical-grade cannabidiol (CBD) for its line of revolutionary skincare products. Upon closing of the transaction, Laguna Blends will leverage its expanding affiliate marketing network to sell Canna products in North America. Per the agreement, Laguna will also receive license and marketing rights to sell Canna products in Asia, Europe and Mexico, subject to regulatory approval in those markets.
In a recent clinical trial of the efficacy of Canna's CBD face serum, test subjects reported a 100% overall improvement to the appearance of skin within 14 days. Additional findings from the clinical study include:
85.71% of test subjects noticed an improvement to their skin appearance within the first seven days
80.95% of subjects noticed an improvement to their skin texture within 14 days
80.95% of subjects noticed an improvement in the appearance of fine lines and wrinkles of the mouth area
80.95% of test subjects said they would purchase the Canna serum product if it was made available for sale