Mr. Ray Grimm reports
LAGUNA EXTENDS LETTER OF INTENT WITH CARLSBAD NATURALS CBD BOTTLED WATER COMPANY
Laguna Blends Inc. has extended the deadline associated with the letter of intent with Carlsbad Naturals dated Oct. 10, 2016, pursuant to which Laguna and Carlsbad plan to enter into an equity acquisition and exclusive licence agreement for the purpose of pursuing mutually beneficial business opportunities in the cannabidiol (CBD) bottled water industry and CBD ingestible products industry. Laguna and Carlsbad anticipate finalizing the definitive agreement by Dec. 31, 2016. All other terms of the LOI remain the same.
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