$LAGBF Laguna recently announced a letter of intent with Carlsbad Naturals CBD bottled water company to acquire 60% equity interest and exclusive licenses in Asia and Europe in a transaction valued at $1.8 MM USD. Laguna will first acquire 19% interest with an option to acquire an additional 41% interest. Laguna and Carlsbad anticipate finalizing the definitive agreement by December 10, 2016. Laguna will then have a 120-day option from the date of a signed definitive agreement to acquire an additional forty-one percent (41%) equity interest in Carlsbad.
$LAGBF $LAG #cbd #coffee #protein #coffee
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