VANCOUVER , Oct. 11, 2018 /CNW/ – Koios Beverage Corp.(CSE: KBEV; OTC: KBEVF:US) (the “Company” or “Koios“), is pleased to introduce single-serving samples of its brain-healthy proprietary nootropics powder, starting with its most popular flavour, blueberry lemonade.
The on-the-go travel-sized packages, called stick packs, are now in production. They will be available after Dec. 1 , the Company announced Thursday.
“As we develop increasingly sophisticated direct to consumer channels via our e-commerce platforms it is important that our product offering expands to meet consumer demand,” says Chris Miller , CEO and founder. “Stick packs allow us to create special offers online that will attract new customers who will eventually be lifelong consumers of the brand. They also give us tremendous flexibility at the retail level, by being able to merchandise in several key areas within each store,” he said. “It creates more impressions within the consumer’s mind and will lead to more conversions over time.”
Koios’s unique blend of nootropics and natural organic compounds helps enhance focus, memory retention, mental capacity and concentration, without using harmful chemicals or artificial stimulants. Its formula includes superfoods such as lion’s mane mushroom, which contains bioactive substances with beneficial effects on the body, brain, heart and gut.
Also Thursday, the Company announced it has closed a non-brokered private placement financing (the “Offering“). Pursuant to the Offering, the Company sold 7,645,282 units (each, a “Unit“) at a price of $0.265 per Unit for gross proceeds of $2,025,999.73 . Each Unit was comprised of one common share and one share purchase warrant (each, a “Warrant“), with each Warrant entitling the holder to purchase one additional share at a price of $0.35 per share until Oct. 11 , 2021. The use of proceeds of the Offering will be used for general working capital purposes.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.
None of the securities issued in the Offering have been registered under the United States Securities Act of 1933, as amended (the “1933 Act“), and none of them have been offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
About Koios Beverage Corp.
The company is an emerging functional beverage company which has an available distribution network of more than 2,000 retail locations across the United States in which to sell its products. Koios has relationships with some of the largest and most reputable distributors in the United States , including Europa Sports, Muscle Foods USA , KeHE and Wishing-U-Well. Koios is also the sole owner of Cannavated Beverage Corp., a subsidiary that develops beverage products and formulas for the expanding cannabis market. Through its agreement with Keef Brands , the largest producer of cannabis beverages in North America , Cannavated enjoys distribution throughout the state of Colorado and is preparing for distribution in additional U.S. states where cannabis use is legal.