NOHO,
INC. AND LIFETIME BRANDING AGREE TO EXCHANGE DEBT FOR
EQUITY
Scottsdale,
AZ -- August 26, 2021 -- InvestorsHub NewsWire -- NOHO, Inc.
(OTC
PINK: DRNK), a Wyoming corporation (the
"Company"), announced the following:
The Company is proud to announce its agreement
with Lifetime Branding Collaborative, LLC to exchange its debt for
equity, forging a long-term partnership created to make NOHO a
market leader in nutrition.
Pursuant to the agreement, Lifetime is forgiving
$600,000 in debt in exchange for the Company's Preferred B and C
classes of stock. The transaction results in no immediate
dilution to the common stock and the C class shares are non-voting
and non-convertible.
NOHO's CEO, David Mersky, said, "This is a great
deal for NOHO and Lifetime, and it sends a strong message to the
market that NOHO is now positioned to lead the way in nutritional
recovery. There is no one better in brand building than Eric
Stoll and, as an equity partner leading NOHO's marketing, we're
going to be dangerous."
The After Shot ships!
We are also confirming that all initial orders of
the After Shot have been shipped from our fulfillment center in
California. The buildout of the site will continue with
additional content coming online regularly.
More from NOHO – in addition to the After
Shot, we have developed a new line of products, all leveraging
Hydro-Nano technology, which will be rolling out soon. For
additional information and product updates, please follow us at
www.nohoshot.com and follow NOHO on
Twitter at https://twitter.com/NOHOdrink.
Cautionary Note Regarding Forward-Looking
Statements
This press release
contains statements that constitute forward-looking statements
within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These
statements appear in a number of places in this
release and include all statements that are
not statements of historical fact regarding the intent, belief or
current expectations of
Noho, Inc. (the "Company"), its directors or its
officers with respect to, among other things:
(i) financing plans; (ii)
trends affecting its financial condition or results of operations;
(iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and actual results may differ materially from
those projected in the forward
looking statements as a result of various
factors. You should not place undue reliance on forward-looking
statements since they involve known and unknown risks,
uncertainties and other factors, which are, in some cases,
beyond the Company's control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. The Company assumes no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future. Important factors
that could cause actual results to differ materially from the
company's expectations include, but are not limited to, those
factors that are disclosed under the heading "Risk Factors" and
elsewhere in documents filed by the company from time to time with
the United States Securities and Exchange Commission and other
regulatory authorities.
Contact:
IR@TheCampusCo.com