Tuesday, February 13, 2018 11:02:16 AM
February 12th, 2018 – Vancouver, British Columbia – Tabu Equity Investments Inc. (the “Company”) announces that it has signed a Letter of Intent with OCTAVIA VODKA LTD. allowing TABU to purchase 10% of OCTAVIA with shares issued by TABU, representing a $300,000 purchase price. The company expects to complete a share purchase agreement within 45 days. As part of the deal, OCTAVIA will licence the TABU brand for a special line of vodka, paying TABU an 8% royalty on sales. Further, both companies have agreed to jointly develop an infused vodka product based on current and up and coming rules and regulations regarding infused drinks. Details of which will be announced over the year in time for new regulations regarding infused cannabis beverages. Subsequent transactions may occur over a time span yet to be determined, but it is expected to be part of an overall definitive agreement. Both parties will also explore jointly, the possibility of new variations on infused beverages as they relate to Health Canada regulations.
Tabu Equity Investments Inc. invests in Canadian ACMPR applicants and licensed United States cannabis technology companies, as well as Canadian based support technologies for the cannabis industry. The company website can be found at: www.tabu.co
http://tabu.co/press-release-feb12-2018/
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM