Yet another green day. News (encouraging deal PPS of CAD $0.65):
BlueberriesMedicalCloses$1MStrategicFinancingLedbyaLeadingLatinAmericanPrivateEquityGroupwithExtensiveInternationalCannabisIndustryExpertise;AppointsFacundoGarretónasChairman&InterimCEOToronto,Ontario(January20,2021)–BlueberriesMedicalCorp.(CSE:BBM)(OTC:BBRRF)(FRA:1OA)(the“Company”or"Blueberries"),aLatinAmericanlicensedproducerofmedicinalcannabisandcannabis-derivedproducts,ispleasedtoannouncethecompletionofanon-brokeredprivateplacementforaggregategrossproceedsofC$1,000,000(the“Offering”)fromthesaleofcommonshares(“CommonShares”)at a price of C$0.065 per Common Share.TheOfferingwasledbyFLAVenturesLtd.(“FLAVentures”),aprivateequityfundbasedinBuenosAires,Argentina,whichfocusesoninvestmentsinestablishedandgrowth-orientedLatinAmericanbusinessesacrossarangeofsectors,seekingtocreateandaddstrategicvalue,drivingtheireconomicgrowthandenhancingtheirperformances.BlueberriesispleasedtowelcomeFLAVenturesasanewstrategicpartner.FLAVenturesfinancialbackers,directorsandteammembershaveavastexperienceleadingcompaniesinvolvedinthehealthcare,media,andrealestateindustriesinternationallyaswellasextensivecannabisexpertiseandstrategicinvestmentsinthecannabissectorglobally.Amongstotherstrategicbusinessinvolvements,shareholdersofFLAVenturesownGrupoAmérica,oneofthelargestmediagroupsinArgentina,andhaveextensiveadditionalstrategicrelationshipsthroughtheirdirectinvolvementinthehealthcareindustryasownersofoneofthelargestnetworksofmedicalcentersandothermedicalservicebusinessesinArgentinaandelsewhereinLatinAmerica.InconnectionwiththecompletionoftheOffering,FacundoGarretónhasbeennamedChairmanandInterimChiefExecutiveOfficeroftheCompany,andSebastianHochbaumhasbeenappointedtotheboardofdirectorsoftheCompany(the“Board”).“BlueberrieshasbuiltanimpressivecompanyinColombiaanditssophisticatedextractioncapabilitieswillplayanintegralrolewithinourglobalcannabisplatform.IamconfidentthattheinvolvementofFLAVenturesanditsstakeholderswillprovideBlueberrieswiththeopportunitytoaccelerateitsgrowthandtakeadvantageoftherapidlyexpandingcannabismarketsinLatinAmericaandaroundtheworld,”statedSebastianHochbaum“ThisstrategicinvestmentisatremendousaccomplishmentforBlueberriesandpositionsthecompanyforcommercialsuccess.TheFLAVenturesteamiscomprisedofsomeofthemostsuccessfulandhighlyrespectedentrepreneursandinvestorsinLatinAmericawhoalsohaveextensiveinvolvementandexpertiseinthecannabisindustry,”statedFacundoGarretón,ChairmanandInterimChiefExecutiveOfficer.“IamalsolookingforwardtoleadingBlueberriesaswestrivetoexecuteonadomesticandinternationalbusinessplan.”
