LAS VEGAS, NV / ACCESSWIRE / September 20, 2018 / Mix 1 Life, Inc. (OTC PINK: MIXX) announced today that it has entered into a non-binding letter of intent with myCBDreleaf Inc. In the proposed transaction Mix 1 Life (the "Company") will purchase substantially all of the assets of myCBDreleaf Inc. Details for the transaction will be defined in the definitive agreements and will be subject to the Company's satisfactory due diligence. The proposed initial purchase price, payable in cash, stock or a combination thereof, is estimated to be between the range of $5.0 million dollars and $10.0 million dollars. The purchase price will be based on the results of the Company's due diligence. The parties will finalize negotiations of the terms and prepare the definitive agreements for the proposed acquisition within the next 60 days.
myCBDreleaf Inc. is primarily focused on the development, manufacture and sales of products using Cannabidiol ("CBD"). CBD is a legal, natural compound that has quickly gained worldwide acceptance and consumer demand. The scientifically tested results for medicinal benefits have also proven to have a variety of positive applications for the health, beauty, food and beverage industries.
Steve Staehr CEO of Mix 1 Life, Inc. said, "myCBDreleaf has an excellent selection of product offerings in the CBD space and will make a great addition to the Company. We feel that our ability to bring these products to market through our distribution channels coupled with our marketing savvy will help us become a leader and pioneer in the CBD category."
For more information contact:
Steve Staehr CEO
About Mix 1 Life, Inc.
Mix1 Life, Inc., ("MIXX" or "mix1"), is the innovator and distributor of mix1 natural nutritional products. Here at mix1 the philosophy is pretty simple: we only create products with natural, high-quality ingredients that are truly functional. We believe natural products are better than artificial ones and are the key to leading a healthy balanced life. As a company we want to improve people's lives by promoting active lifestyles and overall health. Mix1 has the perfect mix to fit your life and schedule. Never again will you miss getting the necessary nutrients because you were too busy to eat. We strive to help you make healthy choices during your busy day in order to help you feel your best.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause actual performance to be materially different from what is projected and planned. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the risk that information and data provided by third-parties is inaccurate, as the Company undertakes no obligation to independently verify such information or assure the timeliness of such information, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic public disclosures.
SOURCE: Mix 1 Life, Inc.
View source version on accesswire.com: