Laguna Continues to Work Towards a Definitive Agreement with Carlsbad

KELOWNA, BC / ACCESSWIRE / January 5, 2017 / Laguna Blends Inc. (CNSX: LAG) (OTC PINK: LAGBF) (FSE: LB6A) (the “Company” or “Laguna”), announces the LOI for Laguna Blends Inc and Carlsbad Naturals, LLC dba CBD Naturals expired on December 31, 2016. With new management coming into Laguna Blends, both parties have agreed to new terms and conditions regarding the prior LOI. A new agreement regarding this transaction will be announced prior to January 13, 2017.

Laguna Blends CEO Ray Grimm Jr stated, “Unfortunately, we were unable to get this deal completed under the original terms and conditions prior to year-end 2016. However, we are working on new terms and conditions and look forward to completing the new agreement within the next 10 business days. Laguna Blends is continuing to execute on our business plan by bringing new Hemp/CBD products to the market while evaluating potential acquisitions in this growing sector of the market.”

About Laguna Blends Inc.

Laguna Blends is a market leader in the distribution of Hemp and CBD products. Laguna’s growth strategy includes acquiring and incubating companies who formulate and or manufacture Hemp products. Laguna Blends markets Hemp products utilizing its B to B Network along with driving traffic to its online marketplace. It’s Laguna’s intent to provide the highest quality hemp product experience for the end user, utilizing a proprietary nanotechnology in many of its consumable and topical skin care products.

Laguna is currently seeking joint ventures and acquisitions to expand its portfolio and will aggressively begin international expansion into Asia and Europe in 2017.

ON BEHALF OF THE BOARD

“Ray Grimm Jr”
CEO, President & Director

CORPORATE COMMUNICATIONS:

Howe & Bay
Suite 600 – 535 Howe St.
Vancouver BC
V6C 2Z4
1.604.449.5302

COMPANY:

Laguna Blends
ir@lagunablends.com
www.lagunablends.com
https://cbdskincream.com/

Join Us On Face Book: https://www.facebook.com/LagunaBlends/
Twitter: @LagunaBlends

Forward-Looking Information:

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the Company’s business, products and future the Company’s business, its product offerings and plans for sales and marketing. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company’s products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward looking statements or forward-looking information in this news release.Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.

SOURCE: Laguna Blends Inc.

ReleaseID: 452206