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Isodiol International Inc
Symbol ISOL
Shares Issued 300,779,584
Close 2018-03-23 C$ 1.16
Market Cap C$ 348,904,317
Recent Sedar+ Documents

Isodiol's IsoBev to acquire Azure Bottling

2018-03-26 12:41 ET - News Release

Mr. Marcos Agramont reports

ISODIOL INTERNATIONAL INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE AZURE BOTTLING, LLC

Isodiol International Inc.'s IsoBev Inc. has reached a definitive agreement to acquire 100 per cent of Azure Bottling LLC, a premier water bottling facility located in Leesburg, Fla.

Azure is a state-of-the-art facility and was named as one of the top 50 Florida companies to watch for economic impact by GrowFL last year. Azure also won the 2017 gold medal for best tasting water at the Berkeley Springs International competition under its affiliated brand AlphaPure.

Azure has in place the manufacturing and distribution agreements to supply water to Sysco, McArthur Dairy/Dean Foods and Dollar General stores throughout the United States. In total, Azure full capacity runs approximately 5.3 million bottles per month and expects this to increase to approximately 8.58 million bottles after space and efficiency improvements over the next several months.

IsoBev focuses on the company's exceptional growing beverage brand portfolio and will capitalize on these enterprise-level companies for additional support and distribution of all beverage brands created in-house. This alignment now organizes the company's beverage business operations with its core growth strategies for meaningful scale and a clearly defined portfolio role that targets growth with enterprise marketplace opportunities.

"The acquisition of the Azure water bottling facility is an important milestone for Isodiol," said Marcos Agramont, chief executive officer of Isodiol. "This facility unlocks the value of our beverage portfolio, such as our CBD (cannabidiol) and hemp waters, and the growth potential of some of our core business competencies. It is the next logical step in our continuing effort to accelerate our growth trajectory and maximize value for our shareholders."

IsoBev is acquiring a 100-per-cent interest in Azure in a combination of cash and stock. One million dollars in cash will be paid upfront, as well as $300,000 in six months. Azure will also receive $1-million in 36-month escrowed stock based on the closing price March 26, 2018.

About Isodiol International Inc.

Isodiol is the market leader in pharmaceutical-grade phytochemical compounds and the industry leader in the manufacturing and development of CBD consumer products.

Isodiol is the pioneer of many firsts for the cannabis industry including commercialization of 99-per-cent-plus pure, bioactive pharmaceutical-grade cannabinoids, microencapsulations and, nanotechnology for the highest quality consumable and topical skin care products.

Isodiol's growth strategy includes the development of over-the-counter and pharmaceutical drugs, expanding its phytoceutical portfolio, and will aggressively continue international expansion into Latin America, Asia and Europe.

We seek Safe Harbor.

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