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2019

Press Release – INDIVA Congratulates Bhang Corporation on CSE Listing

Not for distribution to U.S. Newswire Services or for dissemination in the United States. INDIVA Congratulates Bhang Corporation on CSE Listing LONDON, Ontario – July 16, 2019:  Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (US:NDVAF) co…

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Not for distribution to U.S. Newswire Services or for dissemination in the United States. INDIVA Congratulates Bhang Corporation on CSE Listing LONDON, Ontario – July 16, 2019:  Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (US:NDVAF) congratulates Bhang Corporation (“Bhang“) on its recent Canadian Securities Exchange listing (CSE: BHNG). Bhang is a trusted cannabis house of brands with a portfolio of more than 100 cannabis, hemp-derived cannabidiol (CBD) and terpene products. With more than 30 awards, including eight top placements at High Times’ Cannabis Cup and a High Times’ World Cup for “Best Edible,” Bhang is seen as an international leader in creative and high-quality cannabis products. In 2018, Indiva and Bhang announced the establishment of a 50/50 joint venture to distribute a full range of cannabis products, including chocolates, gums and oral sprays, isolates, vapes and vape cartridges, and accessories. Through the joint venture, Indiva and Bhang expect to manufacture and distribute Bhang’s award-winning products in Canada as well as export such products internationally. “Bhang consistently sets itself apart from the field with its creativity and quality. Bhang’s CSE listing announcement represents years of diligent work by Bhang’s leadership and a deep understanding of the evolving global appetite for cannabis and cannabis-infused products,” Niel Marotta, Indiva’s President and Chief Executive Officer said. “As Bhang’s exclusive Canadian partner, we celebrate their continued growth and look forward to bringing their innovative edibles to Canadians in the near future.” Bhang’s milk chocolate recently received first place honours at WeedCon West in the “Best Cannabis Infused Chocolate” category. Subject to applicable regulatory approvals, Indiva, through the joint venture with Bhang, expects to offer that same award-winning chocolate, along with dark chocolate and additional varieties and flavours, to Canadian consumers in late 2019 or early 2020, when such products are expected to be permitted for sale in Canada.   About Indiva Indiva’s global family of cannabis brands sets the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva’s production facility, based in London, Ontario, includes aeroponic, environmentally-conscious grow rooms, as well as a 70-tonne extraction operation that we expect to include manufacturing and processing capabilities to make safe, high-quality cannabis-infused edibles. In Canada, Indiva will produce and distribute Ruby Cannabis Sugar, Sapphire Salt, Ruby Gems, the award-winning Bhang Chocolate, and other derivative products through license agreements and joint ventures, subject to applicable regulatory approvals. Click here to connect with INDIVA on social media and here to find more information on the Company and its products.   About Bhang Bhang is committed to delivering exceptional sensory experiences to consumers at every point in their cannabis journey through its award-winning portfolio of brands. Bhang is a trusted cannabis house of brands with an extensive portfolio of over 100 cannabis, hemp-derived CBD and terpene products, including chocolates, pre-rolls, vapes, gums, beverages, gummies and mouth sprays, among others, that are sold by its licensees and/or by Bhang directly. Since 2010, Bhang has mastered the art of harnessing mutually-beneficial partnerships to bring safe, consistent and delicious products to consumers. Learn more at bhangnation.com.   MEDIA CONTACT Kate Abernathy Vice President of Communications Phone: 613-296-5764 Email: kabernathy@indiva.com   INVESTOR CONTACT Steve Low Investor Relations Phone: 647-620-5101 Email: slow@indiva.com   DISCLAIMER & READER ADVISORY Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and entry into additional markets, changes to laws and regulations in Canada and internationally, and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to obtain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.  

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2019

Press Release – Indiva Closes First Tranche of $4 Million Financing

Not for Distribution to US Newswire Services or Dissemination in the United States Indiva Closes First Tranche of $4 Million Financing LONDON, Ontario – December 23, 2019: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased …

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Not for Distribution to US Newswire Services or Dissemination in the United States Indiva Closes First Tranche of $4 Million Financing LONDON, Ontario – December 23, 2019: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce the closing of the first tranche of its non-brokered private placement of unsecured convertible debentures (the “Debentures”) in the aggregate principal amount of $2,115,000, which forms part of its larger offering of up to the aggregate principal amount of $4,000,000 Debentures (the “Offering”). As previously announced in the Company’s December 9, 2019, news release, the Debentures will mature on the date that is 36 months from the date of issuance, bear interest at the rate of 10% per annum, computed on the basis of a 360-day year composed of twelve 30-day months, and payable semi-annually on the last day of June and December of each year, commencing on June 30, 2020. The Debentures will be issued at a price of $1,000 per Debenture with each Debenture being convertible, at the option of the holder, into 5,000 common shares in the capital of the Company (each, a “Share”) at a conversion price of $0.20 per Share, subject to adjustments. The Offering is subject to final approval from the TSX Venture Exchange. The Company expects that the proceeds of the first tranche of the Offering will be used for capital expenditures, equipment purchases and working capital purposes. The Company has paid a cash finder’s fee in connection with the first tranche of the Offering to a finder in the aggregate amount of $2,800, which represents 7% of the gross proceeds received from the investor introduced to the Company by the finder. Insider participation totalled $410,000 of the first tranche. The second tranche of the Offering is expected to consist of up to the aggregate principal amount of $1,885,000 in Debentures and be completed on or prior to January 20, 2020, at the Company’s discretion. The second tranche will only be funded upon, among other things, receipt of necessary approvals from the TSX Venture Exchange. The proceeds of the second tranche of the Offering are expected to be used by the Company for capital expenditures, equipment purchases and working capital purposes. MI 61-101 Disclosure Three insiders of the Company participated in this first tranche of the Offering and, as such, the issuance of the Debentures to such insiders is a “related-party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the issuance is exempt from: (i) the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b), as the Shares are not listed on a market specified in MI 61-101, and (ii) from the minority shareholder approval requirement of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101, as the fair market value of the Debentures does not exceed 25% of the Company’s market capitalization. A material change report was not filed by the Company 21 days before the closing of the first tranche of the Offering as the level of insider participation was not known at that time and the Company moved to close the Offering immediately upon satisfaction of all applicable closing conditions. In the view of the Company, this was reasonable in the circumstances because the Company wished to complete the first tranche of the Offering as soon as possible. The Offering will be conducted by the Company utilizing the “accredited investor” exemption of National Instrument 45-106 – Prospectus and Registration Exemptions, and also other applicable exemptions available to the Company. The Debentures, and the Shares into which the Debentures may be converted (collectively, the “Securities”), are subject to restrictions on resale under applicable Canadian securities laws for a period of four months and one day from December 23, 2019, the issue date of the Debentures. None of the Securities have been or will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities, in any jurisdiction in which such offer, solicitation or sale would require registration or otherwise be unlawful.   About Indiva Indiva’s family of cannabis brands set the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva’s production facility, based in London, Ontario, includes a craft grow operation and an extraction and manufacturing space, which can process 70 tonnes of biomass annually and produce safe, high-quality, cannabis-infused edibles. In Canada, Indiva will produce and distribute the award-winning Bhang® Chocolate, Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt, Gems™, and other derivative products through license agreements and joint ventures. Click here to connect with Indiva on social media and here to find more information on the Company and its products. Media Contact Kate Abernathy Vice President of Communications Phone: 613-296-5764 Email: kabernathy@indiva.com Investor Contact Steve Low Investor Relations Phone: 647-620-5101 Email: slow@indiva.com   Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. […]

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2019

Press Release – INDIVA Ships Jack Herer to Ontario Cannabis Store

Not for Distribution to US Newswire Services or Dissemination in the United States INDIVA Ships Jack Herer to Ontario Cannabis Store Indiva’s take on the classic strain now available online and in-store LONDON, Ontario – December 19, 2019: Indiva Limit…

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Not for Distribution to US Newswire Services or Dissemination in the United States INDIVA Ships Jack Herer to Ontario Cannabis Store Indiva’s take on the classic strain now available online and in-store LONDON, Ontario – December 19, 2019: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that it has shipped Jack Herer pre-rolls to the Ontario Cannabis Store. Jack Herer, named for the marijuana activist and author, is a much-beloved sativa-dominant strain. It offers a spicy and piney profile. Its top terpenes include pinene (also found in pines, conifers, rosemary and sage), guaiol (offers hints of roses and violets), terpinolene (also found in lilacs, nutmeg and cumin), and cymene (found in cumin and thyme). Grown in Indiva’s state-of-the-art facility based in London, Ontario, INDIVA™ Jack Herer is available in 0.5 g pre-rolls with two units per pack. INDIVA™ pre-rolls use whole flower and never trim. They are hand-finished and hand-weighed to deliver consistently exceptional experiences. INDIVA™ Jack Herer pre-rolls are available at ocs.ca and in-store.   About Indiva Indiva’s family of cannabis brands set the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva’s production facility, based in London, Ontario, includes a craft grow operation and an extraction and manufacturing space, which can process 70 tonnes of biomass annually and produce safe, high-quality, cannabis-infused edibles. In Canada, Indiva will produce and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Gems™, as well as the award-winning Bhang® Chocolate, and other derivative products through licence agreements and joint ventures. Click here to connect with Indiva on social media and here to find more information on the Company and its products. Media Contact Kate Abernathy Vice President of Communications Phone: 613-296-5764 Email: kabernathy@indiva.com Investor Contact Steve Low Investor Relations Phone: 647-620-5101 Email: slow@indiva.com   Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and entry into additional markets, changes to laws and regulations in Canada and internationally, and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to obtain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.  

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2019

Press Release – INDIVA Completes First Shipment of Pre-Rolls to Saskatchewan

Not for Distribution to US Newswire Services or Dissemination in the United States INDIVA Completes First Shipment of Pre-Rolls to Saskatchewan INDIVA™ products are coming to The Pot Shack LONDON, Ontario –  December 18, 2019: Indiva Limited (the “Comp…

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Not for Distribution to US Newswire Services or Dissemination in the United States INDIVA Completes First Shipment of Pre-Rolls to Saskatchewan INDIVA™ products are coming to The Pot Shack LONDON, Ontario –  December 18, 2019: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce that its wholly-owned subsidiary, Indiva Inc., has completed its first shipment of cannabis to Saskatchewan. This shipment marks another significant step in Indiva becoming a national provider of premium cannabis products.  INDIVA™ hand-finished pre-rolls will be available for purchase at Saskatoon’s The Pot Shack within the next few weeks. “We are thrilled to bring INDIVA™ pre-rolls to the prairies,” Niel Marotta, Indiva’s President and Chief Executive Officer, said. “Saskatchewan has an incredibly unique cannabis environment and we are proud to partner with an outstanding retailer like The Pot Shack to make INDIVA™ pre-rolls available to of-age Saskatonians.” Geoff Conn, Owner and President of The Pot Shack, said, “We are excited to add Indiva’s products to The Pot Shack family.  Our goal at The Pot Shack is to provide our guests with the best craft cannabis products available and Indiva is a natural fit.  The Pot Shack is thrilled to be the first retailer in Saskatchewan to offer Indiva’s quality products.  We look forward to all the new and exciting things Indiva has to offer.” Saskatchewan will be the second province to receive Indiva’s premium cannabis. Indiva expects to deliver products to six provinces in 2020 including Alberta, British Columbia, Nova Scotia and Saskatchewan.   About Indiva Indiva’s family of cannabis brands set the standard for quality and innovation. Indiva aims to bring its exceptional portfolio of products to Canadians and cannabis enthusiasts around the world as laws permit. Indiva’s production facility, based in London, Ontario, includes a craft grow operation and an extraction and manufacturing space, which can process 70 tonnes of biomass annually and produce safe, high-quality, cannabis-infused edibles. In Canada, Indiva will produce and distribute Ruby® Cannabis Sugar, Sapphire™ Cannabis Salt and Gems™, as well as the award-winning Bhang® Chocolate, and other derivative products through licence agreements and joint ventures. Click here to connect with Indiva on social media and here to find more information on the Company and its products. Media Contact Kate Abernathy Vice President of Communications Phone: 613-296-5764 Email: kabernathy@indiva.com Investor Contact Steve Low Investor Relations Phone: 647-620-5101 Email: slow@indiva.com   Disclaimer and Reader Advisory Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the Transaction and neither of the foregoing entities accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties’ current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company’s future operations, future product offerings and entry into additional markets, changes to laws and regulations in Canada and internationally, and compliance with applicable regulations. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The material factors and assumptions include the parties being able to obtain the necessary regulatory and other third parties’ approvals and licensing and other risks associated with regulated entities in the cannabis industry. The forward-looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

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