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Geyser Brands signed a definitive agreement to acquire Solace Management Group

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Solace owns a diverse set of brands ranging from the adult recreational and medical cannabis markets to pet health and wellness markets and hemp markets.

Additional Information:

Company: Geyser Brands
Website: http://www.GeyserBrands.com
Stock Symbol: TSXV:GYSR
Date Published: May 29, 2019
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Geyser Brands has signed a definitive agreement to acquire Solace Management Group.

Solace owns a diverse set of brands ranging from the adult recreational and medical cannabis markets to pet health
and wellness markets and hemp markets.

Solace's product portfolio currently comprises of 23 products and 57 SKU's of both pet and consumer healthcare goods.

All products are currently utilizing organic, unrefined, cold-pressed hemp seed oil extracts.

As part of the Solace's continued growth, it has recently moved to a new 7,500 sq. ft. facility built to GMP standards.

The new facility is anticipated to increase Solace's production capacity significantly in order to meet the growing demand and will allow the development of new products and formulations.

Solace currently retails and distributes nationally and internationally through a number of locations, including Petland, Petsmart, Bosley’s and Shoppers Drug Mart.

Andreas Thatcher, CEO, stated: "This is a transformational strategic acquisition for Geyser, which will establish ourselves as a leading provider of health-focused hemp and CBD wellness products. With the constant evolution of the national and international hemp and CBD landscape, by combining the expertise in innovation and development with Solace's expertise and market recognition, we will be well placed to capitalize on what is predicted to be a multibillion-dollar industry."

Geyser Brands Inc. builds health-based hemp CBD consumer products in the Nutraceutical, Cosmetics, Food & Beverage and Pet sectors world-wide.

R&D investment in NanoFusion, a proprietary all-natural nanotechnology, delivers topical, cream, beverages and baked goods, oil, and tincture formulations with superior bio-availability and water-solubility.

Geyser Brands is exclusively focusing on leveraging these assets to provide the regulatory infrastructure for its global brands and distribution strategy, acquiring hemp- and plant-based brands and infusing them with new CBD product lines in jurisdictions where the therapeutic ingredient is legal.

Geyser Brands' proprietary NanoFusion technology surrounds oils and solves for the insolubility of CBD.

Geyser Brands is a Health Canada approved Licensed Producer in Port Coquitlam, B.C. that holds a cultivation license and is anticipating its processing and sales licenses.

Geyser Brands will utilize its 7,000 sq. ft. licensed facility in British Columbia for the manufacturing and distribution of its hemp and CBD-based products internationally.

The shares are trading at $0.73.

For more information, please visit the company’s website, www.GeyserBrands.com, contact Andreas Thatcher, CEO, at info@GeyserBrands.com

Investor Relations is handled by Doug Kerr, who can be contacted at 604-315-4400 or email dkerr@GeyserBrands.com.

I’m Cassandra Bolinski for Investmentpitch Media