Sunday, December 16, 2018 10:27:14 PM
Press Release | 12/14/2018
https://www.otcmarkets.com/stock/SENZ/news/Sport-Endurance-Engages-INFOR-Financial-as-Financial-Advisor?id=213271
BROOKLYN, N.Y., Dec. 14, 2018 (GLOBE NEWSWIRE) -- Sport Endurance, Inc. (OTCQB: SENZ) (the “Company”), announced today that it has retained INFOR Financial Inc. (“INFOR Financial”) to provide financial advisory services in exploring strategic alternatives in the cannabidiol (“CBD”), hemp, and legal cannabis industries.
David Lelong, Chief Executive Officer of Sport Endurance, stated, “We are pleased to retain INFOR Financial to help us strategically evaluate investments in the CBD, hemp and legal cannabis industries. After diligently seeking a highly qualified financial advisory services firm to guide us through our potential investments in the space, we are very pleased with the timing of our engagement with INFOR Financial.”
Just this week, the 2018 Farm Bill passed in the U.S. House and Senate with signature by President Trump as the next step in the legislative process. According to New Frontier Data, it is estimated that the Farm Bill will potentially unlock approximately $1.9 billion in hemp-derived CBD, marijuana-derived CBD, and pharmaceutical CBD revenue by 2022.
About INFOR Financial Inc.
INFOR Financial is an independent investment bank based in Toronto that offers advice on mergers and acquisitions, capital raises and corporate restructurings. INFOR Financial’s principals have extensive experience providing advisory services on complex, transformative transactions and related capital markets activity for companies in a broad range of industries including financial services, technology, media and communications, cannabis, healthcare, industrials, and metals and mining.
About Sport Endurance, Inc.
At the foundation of Sport Endurance is the belief that good health practices and nutrition contribute to and promote a higher quality of life. The goal of Sport Endurance is to improve the health of others by providing quality and effective nutritional supplement products. Sport Endurance is currently seeking opportunities in the CBD, hemp, and legal cannabis industries. For more information, please visit http://www.sportenduranceinc.com.
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