Mydecine Innovations Group Inc (MYCOF)

[Durden871]

VANCOUVER, British Columbia, March 26, 2019 (GLOBE NEWSWIRE) -- New Age Brands Inc. (CSE:NF) (OTC:NWGFF) (FSE:ONF) (“New Age Brands” or the “Company”) announces that, pursuant to a director’s resolutions, the Company will be consolidating all of its issued and outstanding share capital on the basis of one (1) post- consolidation share for each forty-five (45) pre-consolidation common shares (the “Consolidation”). No fractional shares will be issued under the Consolidation and any fraction will be rounded to the nearest whole number.

As a result, the outstanding common shares of the Company will be reduced to approximately 7,731,238. The exercise or conversion price and the number of common shares issuable under any of the Company’s outstanding convertible securities will be proportionately adjusted upon consolidation.

In connection with the Consolidation, the name of the Company will not change and the Company’s trading symbol will remain as “NF”.

The Company’s common shares are expected to begin trading on a consolidated basis and with a new CUSIP number on or about April 1, 2019.

NEW CUSIP: 64158L208
NEW ISIN: CA64158L2084

ABOUT New Age Brands

New Age Brands is an innovative Cannabidiol (“CBD”) lifestyle Company. Through the Company’s wholly owned subsidiaries We are Kured and Drink Fresh Water, the Company’s main business activities encompass the development, marketing and distribution of CBD products (including vaporizer pens and beverages) throughout the United States and internationally. In addition, New Age Brands has extensive retail and cultivation land investments in Oregon.

For further information about New Age Brands, please consult the Company’s profile on SEDAR at www.sedar.com or visit the Company’s website at www.NABrandsInc.com. For further information about We Are Kured, please visit their website at www.wearekured.com.

https://www.globenewswire.com/news-release/2019/03/26/1767743/0/en/New-Age-Brands-Announces-Share-Consolidation.html