09:28:01 EDT Fri 18 Sep 2020
Enter Symbol
or Name
USA
CA



Arev Nanotec Brands Inc
Symbol AREV
Shares Issued 9,457,808
Close 2020-07-07 C$ 0.11
Recent Sedar Documents

ORIGINAL: AREV Enters Into Joint Venture on its Sorrento Property with Saskatchewan Based Hemp Agro

2020-07-08 12:54 ET - News Release

(via TheNewswire)



VANCOUVER, BC - TheNewswire - July 8, 2020 - AREV Nanotec Brands Inc. (CSE:AREV) (CNSX:AREV.CN) (OTC:AREVF) ("AREV") is pleased to announce that it has entered into a Joint Venture with Hemp Agro of Saskatchewan. The Joint Venture is called "The AREV Permaculture Project" and is located on the Trans Canada Highway between Kamloops and Salmon Arm BC.

Under the terms of the agreement AREV is responsible for funding the project. Each entity in this venture will retain ownership of their own land. The net sales proceeds of the hemp raw material are to be split 80% to AREV and 20% to Hemp Agro.

The company has planned this Permaculture Project over the last two years and has committed the time and resources required for site preparation. Two years ago the property was logged and all stumps removed to prepare the land and soil for sustainable agriculture. At the end of the first year we planted fall rye to naturally nourish the soil. The second year crop of fall rye was allowed to reseed itself. It grew successfully and supplied us with the natural conditioning required for a highly fertile soil. This year we have planted our first hemp crop of 15 acres. We have also planted Hops and Black Elderberry. Our next step of growth will include the cultivation of Echinacea and other medicinal plants for use in our proprietary formulations.

We have selected True Form Packaging of Edmonton, Alberta to process our Natural Health Products under its site license with Health Canada.

Michael Withrow, CEO of AREV, commented: "The project is designed to produce quality organic ingredients for the creation of our products. It has taken time and patience, and we have managed to achieve quality results while at the same time have kept development costs under strict control.." He went on to say, "It was a long road to get to this point of having a licensed property and with the skills of Agro Hemp, and we have the expertise of an experienced Canadian Hemp Farmer on the team."

Romeo Prescott, CEO of Agro Hemp., commented: "We are excited to be a part of the Arev Permaculture Project. Our partnership with Arev will create a model for sustainable small farm operations, growers growing cash crop of medicinal plants for extraction & formulation. Our goal is to provide the farmer a new method of crop diversity that is healthy & wholesome. Farmers or landowners are closely connected to the end product."

This transaction is subject to the approval of the CSE.

For further information, contact Mike Withrow, mike@AREVBrands.com 778-379-8551.

On behalf of the Board,

Mike Withrow
CEO & Director

About AREV NanoTec Brands Inc.
AREV NanoTec Brands Inc. ("AREV") produces and sells functional ingredients produced via its proprietary extraction systems. These premium ingredients and products are targeted for the natural health, medical, functional food, nutraceutical, sport nutrition markets. AREV's model is to toll process extraction of targeted essential and functional oils and license its formulations to Licensed Producers in Canada. The company utilizes toll processors in foreign countries to encapsulate and package its formulations that can be sold in traditional distribution channels and online.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING INFORMATION

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws. This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks various risk factors discussed in the Company' s Management 's Discussion and Analysis under the Company's profile on www.sedar.com.

Copyright (c) 2020 TheNewswire - All rights reserved.

© 2020 Canjex Publishing Ltd. All rights reserved.