New Leaf Services will provide labor for processing and co-packing of specific products for Anonymous Buffalo at the licensed facility of
The team behind Anonymous Buffalo has been operating in the cannabis industry for over a decade, connecting various pieces of the supply chain to put products in the hands of consumers. They pride themselves on their establishment of deeply rooted relationships in the
Dax Colwell, CEO of
In addition, the Company has entered into a debt settlement agreement with an arms-length creditor (the "Creditor") to settle CAD$56,990.00 (the "Debt Settlement") of debt for services provided by the Creditor to a subsidiary of the Company.
In settlement and full satisfaction of the debt in the amount of CAD$56,990.00, the Company has agreed to issue to the Creditor 278,000 common shares in the capital of the Company (the "Common Shares") at a deemed issue price of $0.205 per Common Share.
All Common Shares issued pursuant to the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the Common Shares in accordance with applicable securities legislation.
About
For consumer interest visit: https://www.damawashington.com/.
For further information, please contact:
Investor Relations
Tel: +1 (604) 862-2793
Email: investors@newleafventuresinc.com
Forward Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance are forward-looking statements. These forward-looking statements reflect the expectations and beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
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