KELOWNA, BC / ACCESSWIRE / March 14, 2016 / Laguna
Blends Inc. (CSE: LAG) (Frankfurt:
LB6A.F) (OTC: LAGBF) (the
"Company" or "Laguna") launched sales on March 7th, 2016
with 135 Affiliates in the USA and Canada. As of Sunday March 13th,
2016, the number of Laguna's independent Affiliates across the USA
and Canada had grown to 278, with an affiliate growth rate of
105%.
The first product category that Laguna has introduced are unique,
instant, functional beverage products that contain hemp protein,
omegas and other efficacious ingredients. The first product that is
currently being offered for sale is "Caffe", Laguna's protein
coffee beverage.
Stuart Gray, Laguna's President and CEO said, "Laguna has launched
its business with a high level of interest from independent
affiliates residing in the USA and Canada. The demand for high
quality, functional beverage products throughout the United States
and Canada, coupled with a viable business opportunity has
attributed to the spike in affiliate interest. In addition, the
positive feedback on Laguna’s first product to market, "Caffe" has
been fantastic."
On March 3rd, 2016, Laguna announced that it had signed an LOI
between Laguna and Robert Lamberton Consulting for the development
of a "Limitless functional beverage Brain health and memory Coffee"
product. Under the terms of the LOI all hard costs associated with
the development of the brain health and memory coffee will be at
Robert Lamberton Consulting's expense. Laguna and Robert Lamberton
Consulting intend on entering into a formal R&D and development
agreement outlining the details of the relationship before April
15, 2016.
The Company previously announced on March 2, 2016, that it is
conducting a non-brokered private placement of up to 1,750,000
units at a price of $0.20 per unit for aggregate gross proceeds of
up to $350,000. The Company has now closed the first tranche of
this private placement consisting of 1,175,000 units for gross
proceeds of $235,000. Each unit consists of one common share and
one share purchase warrant, each warrant entitling the holder to
acquire one additional common share of the Company at a price of
$0.25 per warrant share until March 10, 2018. The units have a hold
period expiring on July 11, 2016.
About Laguna Blends Inc.
Laguna is a network marketing company that generates retail
sales through independent affiliates. Affiliates utilize tools and
technology that enable them to build an international business from
their own home or while travelling. This technology replaces the
need for expensive travel and hotel meetings.
The Company is currently focused on the nutritional health benefits
derived from hemp. Laguna's first product category as an entry to
market are functional beverage products that contain hemp and other
efficacious ingredients. Laguna's initial products to market are
the following:
"Caffe" is an instant, "just add water" hot coffee beverage that is
infused with both whey and hemp protein. With 20% protein (2 grams)
in every serving, our proprietary product packs a powerful protein
punch. Caffe, contains Instant coffee, whey protein hydrolysate,
hemp protein, natural flavors.
Starbucks is the only company in the world that's a major player
with a protein coffee beverage. Starbucks product is a ready to
serve cold protein Coffee in a can. Laguna's protein Coffee is an
instant, just add hot water protein coffee.
After water, the beverage that the largest proportion of adults
reported consuming is Coffee. *According to the CAC's newly
released 2013 Canadian Coffee Drinking Study, coffee is a dominant
beverage in the Canadian market. Only tap water enjoys equally high
past-day penetration. The results of the research show that
approximately two-thirds of adult Canadians (65%) consumed coffee
in the past-day. Approximately three-quarters of Canadians aged
18-79 (78%) indicate they've consumed coffee in the past week. A
total of 83% of Canadians say they've enjoyed coffee in the
past-year. Coffee drinkers consume on average 3.2 cups of coffee
per day. A cup of coffee before you exercise can boost performance,
help you stay hydrated and reduce exercise related fatigue as well
as deliver a number of other positive health impacts.
"Pro369" is a single serving, "on-the-go," plant based, hemp
protein that is served cold and comes in 4 delicious flavors.
Pro369 is water soluble and can be directly mixed in water, added
to milk, almond milk or coconut milk. Pro369 can also be blended in
a shake or smoothie. Pro369 is also a source of Omegas, 3, 6 and 9
and contains ginseng.
Laguna Blends has been granted approval from Health Canada for
four powdered flavours: PRO369 Chocolate Banana, Mixed Berry and
Vanilla Caramel and Tropical Powder.
Pro369, contains Hemp protein, natural flavors, stevia, American
ginseng.
The Minister of Health from Health Canada has granted Laguna a
product license along with a Natural Product Number ("NPN") for all
four of the Pro369 Flavours. They are all listed under the same
NPN.
i. A source of protein that helps build and
repair body tissues.
ii. Source of amino acids involved in muscle
protein synthesis.
iii. Assists in the building of lean muscle.
iv. An adaptogen to help maintain a healthy immune
system.
v. Supportive therapy for the promotion of healthy
glucose levels.
Hemp has long been recognized by the health and nutrition industry
as a super food, cited in many publications as a balanced source of
all ingredients required to achieve health and wellness.
HempOmega®
HempOmega® is an environmentally sustainable,
vegetarian source of Omegas 3 and 6 that boasts a superior nutrient
profile. A water soluble, homogenous, powdered ingredient, it can
be easily integrated and/or manipulated, with no unpleasant taste
or chemical contamination – opening up entirely new product
formulation opportunities. Hemp Omega's greater ability to endure
the digestive process delivers unmatched bioavailability, thereby
maximizing its potential health benefits.
The Company sells its products through its independent
affiliates in the USA and Canada.
HempOmega® is a Trademark owned by Naturally Splendid
Enterprises, Ltd. and is used under license by Laguna Blends
Inc.
*Canadian Coffee Drinking Study
http://www.coffeeassoc.com/contact-us/
ON BEHALF OF THE BOARD
"Stuart Gray"
President, Chief Executive Officer,
Chief Financial Officer and Director
FOR INVESTOR RELATIONS INFORMATION PLEASE
CONTACT:
Investor Relations
Glenn Shand / Stuart Gray
1-949-424-2716 Ext 2
ir@lagunablends.com
www.lagunablends.com
Join Us On Face Book:
https://www.facebook.com/LagunaBlends/
Twitter: @LagunaBlends
Forward-Looking Information:
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to
statements regarding the Company's business, products and future
plans including, without limitation, statements regarding use of
proceeds, the expected launch date for the Company’s business, its
product offerings and plans for sales and marketing. Although the
Company believes that the expectations reflected in the forward
looking information are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
to not place undue reliance on forward-looking information. Such
forward looking statements are subject to risks and uncertainties
that may cause actual results, performance and developments to
differ materially from those contemplated by these statements
depending on, among other things, the risks that the Company's
products and plan will vary from those stated in this news release
and the Company may not be able to carry out its business plans as
expected. Except as required by law, the Company expressly
disclaims any obligation, and does not intend, to update any
forward looking statements or forward-looking information in this
news release. The statements in this news release are made as of
the date of this release.
SOURCE: Laguna Blends Inc.
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