AREV BRANDS INTERNATIONAL LTD. (CSE: AREV) (OTCQB: AREVF) is pleased to announce that, further to the press release of September 12th, 2019, the two companies have completed the definitive distribution agreement to partner on the sale of Vertical’s wollastonite from its world-class St-Onge Deposit in order to supply the fast-growing cannabis and hemp industries.
Vertical and AREV Brands have agreed to enter into this distribution agreement, whereby Vertical will supply wollastonite materials produced from its St-Onge mineral property located in Quebec to AREV Brands for distribution and/or resale to both small scale “craft” cannabis or hemp growing operations and large scale cannabis or hemp growing operations licensed by Health Canada;
Vertical’s high quality wollastonite has been shown to be beneficial to cannabis plants in a variety of ways. In February 2019, Verticalannouncedthe successful completion of Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC. In the Phase Three trials BCBD measured and recorded significant improvements in root mass, powdery mildew control and pest elimination. At a microscopic level, wollastonite’s needle-like structure penetrates soft-bodied insect larvae and pupae, interrupting the life cycle without the use of pesticides. Wollastonite’s unique properties also allow it to break down into calcium, magnesium and silicon in a highly bio-available form that balances soil PH throughout the growth cycle – this allows the cannabis plants to uptake silicic acid and promotes strong cell walls that better resist insect feeding and spore penetration, supporting increased growth and elevated product yields. (see February 5th, 2019 news release)
Michael Withrow, CEO of AREV., commented: “We launched a product on time as promised September 30and now have our first sales from the test market retailers we have established. A shout out to the Camel on getting the listings.”
The Company has issued 2,200,000 common shares at a deemed price of $0.06 as a milestone success fee toaDirector and Consultantsof the Company.
This transaction is subject to the approval of the CSE.
For further information, contact Mike Withrow, mike@AREVBrands.com 778-379-8551.
On behalf of the Board,
Mike WithrowCEO & Director
ABOUT VERTICAL EXPLORATION
Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
About AREV Brands International Ltd.AREV Brands International Ltd. (“AREV”) produces and delivers functional compounds and ingredients derived from verified genetics ran through its world-class extraction systems. AREV is revolutionizing the current delivery method of terpenes, cannabinoids and flavonoids. These premium ingredients and formulations are used in products targeted for sale in the natural health, medical, functional food, nutraceutical, sport nutrition and bioceutical markets. AREV innovates through extraction to produce extracts from specific selected plant and exude from trees that address 5 areasof health including Anxiety, Pain Management, Insomnia, Central Nervous System Disorders & Libido.