Isodiol International Inc (ISOLF)

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NEWS RELEASE
Isodiol International announces closing of 100% of a cannabis-infused beverage company, Pot-O-Coffee

June 12, 2017 - Vancouver, Canada - Laguna Blends Inc. (CSE: ISOL) (OTC: LAGBF) (FSE: LB6A.F) (the “Company” or “Isodiol Interational”) a global cannabis innovator specializing in the development of pharmaceutical and consumer products, today announced that it has completed the transaction of a definitive agreement to acquire the assets of a cannabis-based beverage company including the predominant brands Pot-O-Coffee, Pot-O-Tea, and Pot-O-Coco. This line of cannabis-infused single-serve coffee, tea and cocoa drinks aligns perfectly with the ever-expanding product offerings of the Company and positions it well within the explosive cannabis beverage market.

The Pot-O-Coffee product line consists of two variants for cannabis infusion; one infused with cannabis plant-extracted tetrahydrocannabinol (THC) oil, while the other is infused with non-psychotropic cannabidiol (CBD) derived from agricultural based Hemp Oil.

"This is another very exciting step in our ongoing efforts to add significant value to our portfolio of premium cannabis brands," said Isodiol International CEO, Marcos Agramont. "These on-trend brands extend our international consumer base across a wide-channel of both traditional and non-traditional retail businesses, creating great value for our shareholders into the ever-expanding cannabis market space".

Cass Riese, Pot-O-Coffee's founder and chief executive officer, said, "What started as a simple passion for a premium infused cannabis beverage, has grown into a line of amazing products that are beginning to be recognized across the U.S. and now internationally. This is an incredibly exciting time for all of us involved', said Riese, "The Isodiol International company values our brand beliefs and is committed to continuing to use the highest quality ingredients and superior craft methods that deliver the creativity and flavor our consumers and fans love today."

Under the terms of the agreement, the company will issue a total of 20,937,500 common shares at a deemed price of $0.12 per share and a one-time cash payment of $250,000 due upon the definitive agreement.

News Release: https://isodiol.com/isodiol-international-announces-closing-100-cannabis-infused-beverage-company-pot-o-coffee/

Links:

Isodiol.com
PotOCoffee.coffee
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