'We can now go full throttle and significantly ramp up production and marketing initiatives with retail and delivery partners across
'Our footprint keeps growing and so do our sales. Being such a new brand, it's exciting to see us already become the second best-selling beverage through Eaze on any day that we run promotions,' said
LooS products are based on a unique nano-emulsion technology platform for rapid onset, are vegan, gluten free, low sugar and low calorie. The 2-oz. shots are infused with 100mg THC (5 mg per serving) and are available in three flavors: Orange Crush Sativa, Green Dream Hybrid, and Lavender Indica. Each flavor features a unique terpene profile and has less than 3 mg of sugar per bottle. After entering the market in the 2-oz. drink category, LooS plans to release a number of other products across several key categories.
'Despite limited inventory and only recent marketing spend, the success of our limited launch just serves to demonstrate the resonance of the brand among its target audience. We look forward to significant growth in 2022,' added Bendana.
Consideration
As part of the consideration for the transaction, the Company issued a total of 4,687,500 common shares.
About LooS
LooS was formulated for the cannabis confident and is the most potent and functional beverage on the market. LooS shots are infused with added terpenes and nutraceuticals to compliment the THC and provide a new type of entourage effect. Learn more here.
About AUDACIOUS
AUDACIOUS is a next-generation MSO growing the cannabis industry of tomorrow from the ground up, led by industry pioneer
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute 'forward-looking information' within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including the Company's anticipated use of proceeds from the Offering, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary include, without limitation: uncertainties affecting the Company's market share in
Contact:
Marc Lakmaaker
Tel: +1.647.289.6640
Email: marc@audacious.net
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