Update on the Purchase of the Direct Store Distribution Operation From New Age Beverage Corporation
Update on the Purchase of the Direct Store Distribution Operation From New Age Beverage Corporation
Denver, CO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- CBD Global Sciences Inc., dba Global Sciences (OTC: CBDNF) (CSE: CBDN) (Frankfurt: GS3.F) (Munich: GS3.MU) (the "Company"), further to our press release dated December 16, 2022, we are pleased to provide an update post-closing of the asset purchase agreement with New Age Beverage Corporation and NABC Properties, LLC to acquire the Direct Store Distribution operation ("DSD Operations"). Legacy Distribution Group, "Legacy" (Denver, CO), the Company's wholly owned subsidiary, completed the acquisition of the DSD operations from New Age Beverage Corporation, a Colorado corporation, and a wholly owned subsidiary of New Age, Inc. effective December 12, 2022. The DSD Operations consist of the purchase and distribution of beverages and snacks to over 5,000 grocers, big box retailers and convenience stores in the Colorado community, with many products on an exclusive basis.
科羅拉多州丹佛，2023年2月7日(Global Newswire)--通過NewMediaWire--CBD全球科學公司，DBA全球科學公司(場外交易代碼：CBDNF)(CSE：CBDN)(法蘭克福：GS3.F)(慕尼黑：GS3.MU)(The“公司)，繼我們於2022年12月16日發佈的新聞稿後，我們很高興地提供與新時代飲料公司和NABC Properties，LLC達成的收購直接商店分銷業務的資產購買協議完成後的最新情況。渠務署行動“)。傳統通訊組，"遺贈從2022年12月12日起，公司的全資子公司丹佛市完成了從科羅拉多州新時代飲料公司和新時代公司的全資子公司手中收購DSD業務。DSD業務包括向科羅拉多州社區的5000多家雜貨店、大型零售商和便利店購買和分銷飲料和零食，其中許多產品都是獨家經營的。
The Transition of the DSD Team to Legacy
DSD團隊向傳統團隊的過渡
The Company has successfully transitioned all vendors, customers, and 144 employees to Legacy with payroll, revised benefits, and other areas of interest for the transition into Legacy. Important issues have been addressed, including lease agreements, business insurance, alcohol and tobacco licenses, sales licenses, Information Technology, infrastructure support, HR and Compliance teams, and several other aspects. The transition is expected to be fully completed before the end of Q1 2023. The Company expects there will be significant savings realized throughout the transition process, including as a result of successfully negotiating a lower cost for many components of the business, without degradation of the coverages experienced prior to the acquisition.
該公司已成功將所有供應商、客户和144名員工過渡到Legacy，並提供薪資、修訂的福利和過渡到Legacy的其他感興趣的領域。已經解決了重要問題，包括租賃協議、商業保險、煙酒許可證、銷售許可證、信息技術、基礎設施支持、人力資源和合規團隊以及其他幾個方面。預計在2023年第一季度末之前全面完成過渡。該公司預計，在整個過渡過程中將實現大量節省，包括成功談判降低業務許多組成部分的成本，而不會降低收購前的承保範圍。
DSD Operating Volume
DSD操作量
Since the closing acquisition of the DSD Operations in mid-December of 2022, the DSD Operations have averaged $145,541.00 in daily sales. The Company expects that approximately $2,765,296.00 in sales for this 19-day period will be consolidated into the financial statements of the Company for the year ended December 31, 2022. The previous parent company, a multi-level-marketing company, enforced a "Health and Wellness" edict which directly impacted the DSD Operation. That edict limited the DSD Operation from adding products that didn't fit into the Health and Wellness category, and with the sale of the DSD Operation to Legacy, we plan to tailor the product assortment to fulfill the demand of the stores that the DSD Operation services. In the works are over a dozen new brands being added by the DSD Operations to the Colorado market over the next 60-90 days. Adding new brands is expected to improve top-line sales, provide higher price points, and improve the profitability margin for the DSD Operations. The Company expects daily sales to increase with the addition of new products and vendors in the coming months, and we look forward to reporting the impact of this acquisition on its financial results, as it realizes complete integration of owning the DSD Operations for its first full quarter in 2023 ending March 31, 2023.
自2022年12月中旬完成對DSD運營的收購以來，DSD運營平均每天的銷售額為145,541.00美元。公司預計這19天的銷售額約為2,765,296.00美元，將合併到公司截至2022年12月31日的年度財務報表中。前母公司是一家多層次的營銷公司，執行了一項直接影響DSD運營的“健康與健康”法令。該法令限制DSD運營添加不屬於健康和健康類別的產品，隨着DSD運營出售給Legacy，我們計劃定製產品類別，以滿足DSD運營服務的商店的需求。在接下來的60-90天裏，DSD運營部門將有十幾個新品牌進入科羅拉多州市場。增加新品牌預計將改善DSD業務的營收，提供更高的價格點，並提高利潤率。該公司預計未來幾個月隨着新產品和供應商的增加，日銷售額將會增加，我們期待着報告此次收購對其財務業績的影響，因為它實現了在截至2023年3月31日的2023年第一個完整季度擁有DSD業務的完全整合。
Changing the Company's Direction
改變公司的發展方向
The acquisition of the DSD Operations heralds a pivot by the Company to a service industry that is focused on product distribution, brand development, and consultation for new companies that need market recognition and to generate new sales. Known by the industry as the 'go to' for brand introduction, the DSD Operations have played a critical role in most all new beverage brands introduced to the market over the past 20 years including brand names like Xing Tea, Monster, Rockstar, Vitamin Water, Smart Water, NOS, Fuze, Nantucket Nectars, Muscle Milk, Izze, Celsius, C4, and many others.
收購DSD業務預示着公司將轉向專注於產品分銷、品牌發展和為需要市場認可和創造新銷售的新公司提供諮詢的服務行業。在過去的20年裏，DSD運營部門在幾乎所有引入市場的新飲料品牌中發揮了關鍵作用，被業界稱為品牌推介者，包括興茶、Monster、Rockstar、Vitamin Water、Smart Water、NOS、Fuze、Nantucket Nectars、Musk Milk、Izze、Celsius、C4等。
Brad Wyatt, CEO of Global Sciences shared, "This has been a monumental achievement, and I am very excited to be part of it. I am proud of the Legacy Team and their ability to demonstrate commitment to the company and resiliency through the transition to Legacy Distribution Group. They have worked countless hours to successfully transition the operations and continue to build the 'Legacy'. I am extremely optimistic about the future of our Company. I look forward to presenting new and exciting information about our progress."
Global Sciences首席執行官布拉德·懷亞特分享道：“這是一項不朽的成就，我非常高興能成為其中的一員。我為傳統團隊感到自豪，他們有能力在過渡到傳統分銷集團的過程中展示出對公司的承諾和彈性。他們工作了無數個小時，成功地過渡了運營，繼續建設‘傳統’。我對我們公司的未來非常樂觀。我期待着展示關於我們進展的新的和令人興奮的信息。”
CTO
CTO
The Company applied to the Alberta Securities Commission (ASC) and the Ontario Securities Commission (OSC) for an order to fully revoke the Cease Trade Order (CTO) issued July 2022, and is working to rectify all deficiencies. The Company is unable to control the timeline, but is working to have the CTO revoked for trading to resume in Canada.
該公司向艾伯塔省證券委員會(ASC)和安大略省證券委員會(OSC)申請命令，全面撤銷2022年7月發佈的停止交易令(CTO)，並正在努力糾正所有不足之處。該公司無法控制時間表，但正在努力讓CTO因在加拿大恢復交易而被吊銷。
ABOUT GLOBAL SCIENCES
關於全球科學
Global Sciences Inc. has become a multi-faceted company that is focused on utilizing its manufacturing and distribution companies to quickly and efficiently bring new brands to market and scale distribution. Its website can be found at .
Global Science Inc.已成為一家多方面的公司，專注於利用其製造和分銷公司快速有效地將新品牌推向市場並擴大分銷規模。它的網站可以在。
Through its wholly-owned subsidiaries, Global Sciences is delivering quality products in retail and e-commerce formats. Legacy Distribution Group provides distribution services for multiple vendors throughout the Colorado and Wyoming territories. In addition to Legacy Distribution, it has a manufacturing division, Resinosa LLC , with its capabilities to provide cGMP manufacturing at various levels of production runs with a wide variety of brands and product lines supported.
通過其全資子公司，Global Sciences正在以零售和電子商務的形式提供優質產品。傳統分銷集團為科羅拉多州和懷俄明州的多家供應商提供分銷服務。除了Legacy分銷，它還擁有一個製造部門Resinosa LLC，該部門有能力在不同水平的生產運行中提供cGMP製造，並支持各種品牌和產品線。
ON BEHALF OF THE BOARD OF GLOBAL SCIENCES INC.
"Brad Wyatt"
Brad Wyatt
CEO and Chairman of the Board
代表全球科學公司董事會。
《布拉德·懷亞特》
布拉德·懷亞特
首席執行官兼董事會主席
For further information on the Company please contact:
Brad Wyatt, CEO and Chairman of the Board at brad.wyatt@globalsciences.ca
or Investor Relations: 720-881-2541 or by email at info@globalsciences.com
Website:
欲瞭解更多有關該公司的信息，請聯繫：
布拉德·懷亞特，首席執行官兼董事會主席，電子郵件：brad.wyatt@global alciences.ca
或投資者關係部：720-881-2541，或發送電子郵件至info@global alciences.com
網站：
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
關於前瞻性信息的警示聲明
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to future developments and the business and operations of the Corporation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. Readers should not place undue reliance on forward-looking statements. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
根據適用的加拿大證券法，本新聞稿包括某些“前瞻性陳述”。前瞻性陳述包括但不限於有關該公司未來發展以及業務和運營的陳述。前瞻性陳述必須基於一些估計和假設，這些估計和假設雖然被認為是合理的，但會受到已知和未知的風險、不確定性和其他因素的影響，這些因素可能會導致實際結果和未來事件與此類前瞻性陳述明示或暗示的內容大不相同。這些因素包括但不限於一般商業、經濟、競爭、政治和社會不確定性；以及延遲或未能獲得董事會、股東或監管機構的批准。讀者不應過分依賴前瞻性陳述。除非法律另有要求，否則公司不會因為新信息、未來事件或其他原因而更新或修改任何前瞻性陳述，也不承擔任何義務。
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
加拿大證券交易所及其監管服務提供商均未對本新聞稿的充分性或準確性進行審查或承擔責任。
譯文內容由第三人軟體翻譯。