Mydecine Innovations Group Inc (MYCOF)

[davidsson10]

New Age Farm Signs LOI to Acquire CBD Infused Beverage Company Drink Fresh Water LLC

VANCOUVER, British Columbia, Sept. 24, 2018 (GLOBE NEWSWIRE) -- New Age Farm Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (“New Age Farm” or the “Company”) is pleased to announce that the Company has signed a letter of intent dated September 20, 2018 to fully acquire Drink Fresh Water LLC (“DFW”), a CBD infused beverage company. DFW, a California based CBD beverage company currently offers its flagship product “Fresh Water” which is a hemp derived CBD infused, nano amplified purified alkaline water. DFW’s products can currently be found in over 100 retail stores across the nation and are additionally available for online purchase. According to the research company Brightfield Group, the global CBD market will top $22 billion in the next four years. This is attracting large investments from international beverage conglomerates looking to enter into the beverage sector of the industry.

Joshua Bartch, New Age Farm’s Chief Executive Officer, stated: “We feel this potential acquisition couldn’t have come at a better time as beverage companies are currently soaring due to the huge upside potential in the space. The team at DFW have done an amazing job with the initial build, branding and overall concept of the company. We are looking to continue to build on their success as well as bring it to the next level.”

The company and DFW are working toward negotiating the terms of the acquisition.

For more information on DFW please visit their website at drinkfreshcbd.com.