Isodiol International Inc Announces Strategic $30,000,000 CAD Financing
December 19, 2017 – Vancouver, BC – Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) (FSE: LB6A.F) (the “Company” or “Isodiol”), a global Bioactive Phytoceutical innovator specializing in the development of pharmaceutical and wellness products, is pleased to announce it is in the process of closing a non-brokered private placement (the “Offering”) of up to $30,000,000 CAD and 24,000,000 units (“Units”) at a price of $1.25 per Unit led by Serruya Private Equity and another institutional investor. The capital will be utilized to continue international expansion and to fund strategic initiatives as it expands its global reach.
Aaron Nathaniel Serruya of Serruya Equity stated, “We are pleased to participate in yet another round of funding for Isodiol. Isodiol continues to impress us with innovation and global reach. We expect great things from the Company, including their recent successful launch of a non-cannabis based CBD derived from two specific strains of hops and their pending acquisition of Biosynthesis Pharma Group.”
“We have enjoyed a tremendous response to our phytoceutical products that we have launched in international markets, including our flagship IsoDerm cream, which has been largely adopted in Latin America and embraced by their healthcare providers” stated Marcos Agramont, CEO of Isodiol. “In addition, we are proud to have gained the trust and support of companies such as Serruya Private Equity as we continue to expand our reach and deliver our pharmaceutical and plant-based wellness products around the globe.
Concerning the Offering, each Unit will comprise one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $2.00 for twenty-four (24) months from the closing of the Offering.
The securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance under applicable securities laws.
The Offering is subject to the approval of the Canadian Securities Exchange and will close on or before December 22, 2017.
About Isodiol International Inc.
Isodiol International Inc. is the market leader in pharmaceutical grade phytochemical compounds and the industry leader in the manufacturing and development of phytoceutical consumer products.
Isodiol is the pioneer of many firsts for the cannabis industry including commercialization of 99%+ pure, bioactive pharmaceutical grade cannabinoids, micro-encapsulations, 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.
ON BEHALF OF THE BOARD
“Marcos Agramont” CEO & Director
INVESTOR RELATIONS:
COMPANY MEDIA :
Isodiol.com
Iso-sport
Potocoffee
BeTru Wellness
C3 Global Biosciences
Join Us On Facebook: https://www.facebook.com/Isodiol/
Twitter: @isodiol
MEDIA CONTACT:
Carrie Booze
North 6th Agency
212-334-9753 ext.142
[email protected]
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 not to 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.
The CSE has not reviewed, approved or disapproved the content of this press release.