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Arev Brands International Ltd
Symbol AREV
Shares Issued 45,834,209
Close 2019-02-26 C$ 0.26
Market Cap C$ 11,916,894
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Arev closes property, Canna Gold assets acquisitions

2019-02-27 13:44 ET - News Release

Mr. Mike Withrow reports

AREV INTERNATIONAL BRANDS LTD. CORPORATE UPDATE

Arev Brands International Ltd. has closed both the property purchase to acquire real estate in Sorrento, B.C., and the Canna Gold asset purchase, both announced in January, 2019. The company would like to give the shareholders an update on its progress toward its vision for the company.

Arev is an integrated natural health and therapeutics company with a focus on manufacturing innovative products that can utilize cannabis in their formulations. Arev's business is not to cultivate cannabis for use in the dried flower business. It is to focus on genetics and work with LPs who are able to contract grow Arev's genetics for it to repurchase for extraction into ingredients that will be used in its formulations.

In Canada, under the new cannabis act, cannabis becomes a whole new legal industry. According industry research the edibles market is expected to outpace the dried flower market in 2019. Value-add processing of unique and innovative products will be the new driver in the market. Under this model, LPs will be growers and suppliers of extracts and edibles in addition to dried flower. Arev is poised to form partnerships with LPs for extraction and processing.

Arev has engaged Spire Secure Logistics Inc. to consult on obtaining a hemp cultivation licence on the 28-acre Sorrento, B.C., property and has initiated the construction of a 8,500-square-foot processing facility, expected to be completed in the third quarter of 2019. The company has an extraction system and a soft gel cap machine to be installed at the new facility.

Arev has eight products registered with Health Canada which have natural health product numbers and a line of award-winning topical creams, sticks and oils for pain management and skin care. Arev has also recently acquired the High Times award-winning line of Canna Gold vape pens and concentrates.

Through its ownership in B.C. Bud Depot and with the assistance of its newest director, Leo Ford, Arev is able to start a breeding business in Colombia where it will be registering its genetics. Matt Harvey, the founder of the company, recently visited Colombia and will be working with Mr. Ford to launch the business in Latin America. Mr. Harvey has been developing and breeding cannabis for seeds and new strains successfully for over 20 years. As a result, Arev owns an extensive line of award-winning stains and genetics. B.C. Bud Depot has one of the largest and revered seed banks in the world, containing hundreds of genetics of which over 40 have won cannabis cups in international competitions. Arev's breeders are some of the best in the world.

Highlights:

  • An inventory of approximately 850,000 seeds;
  • Genetics vault with over 200 varieties;
  • Exclusive rights to the inside covers of High Times magazine in perpetuity and it is prepaid;
  • The B.C. Bud Depot website has 2,000 new visits each week;
  • Having 50,000 names of customers in its database (15,000 in Canada).

Canna Gold concentrates

Arev recently acquired Canna Gold's line of pens and concentrates, which are well branded and ready to go in legal channels worldwide.

BARE topicals

An award-winning line of topical creams, sticks and oils for pain management and skin care. People who use the company's most popular Heat, Recover and Magic swear by them. All natural and they work.

The company held a meeting of the board of directors in Vancouver, B.C., on Feb. 20, 2019. The board carefully reviewed the market, the company's assets and the future direction of the company to best serve shareholders. As a result of these discussions, the company has decided to focus its efforts on expanding the company's business into California and Colombia. The company will continue to work through due diligence on joint venture opportunities with LPs looking for extraction and genetics or product licensing.

In order to make room for another director in either California or Latin America, effective Feb. 22, 2019, Stephane Maher has resigned as a director of the company. The company would like to thank Mr. Maher for all his work to date and wishes him the best in all his future endeavours.

We seek Safe Harbor.

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