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Eastwest Bioscience Announces Closing Of Financing For 1291085 Bc Ltd

Eastwest Bioscience Announces Closing Of Financing For 1291085 Bc Ltd

11/17/21, 3:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgpenticton
EastWest Bioscience Inc. ("EastWest" or "Company") (TSXV:EAST), reports that it has closed a non-brokered financing round (the "Offering") through its subsidiary, 1290185 B.C. LTD, ("185" or "Subsidiary"), an early stage company focused on building high-quality and innovative self-storage facilities across Canada.

Company Info

Company
East West Bioscience Group
Location
penticton, british columbia, canada
Additional Info
EastWest Bioscience is a vertically integrated wellness company with a multitude of business units and assets that allow for seed-to-sale supply chain management. We source our raw material, process, manufacture, test, brand, market, and distribute our products to our customers in Canada, the United States, and beyond. The Company owns and operates retail and manufacturing subsidiaries. The Company's retail subsidiary is the award winning, Canadian natural health retail franchise - Sangster's Health Centres - with over 40 years of legacy in the health and wellness industry. Sangster's goal is to provide natural choices through quality products and educated advice for a healthy lifestyle. Sangster's Health Centres occupies a unique position in the industry, the stores provide vast knowledge and safe natural remedies for the prevention and treatment of disease and ailments. Sangster's introduction and development of over 202 exclusively labeled products (vitamins, mineral, herbs, proteins, natural body care and organic foods) catapulted Sangster's name and product into a large number of Canadian households. From a solid base in Saskatchewan, Sangster's has become a national brand name with franchise stores located across Canada. Orchard Vale Naturals is the Company's manufacturing arm that is certified with a Health Canada Site License and has GMP Certified NHP Manufacturing capabilities. Orchard Vale Naturals specializes in custom blends and production runs of all sizes, small to large, for top-quality products with quick turnaround times. Orchard Vale Naturals operates out of a 34,000 sq. ft. Health Canada licensed facility in Penticton, British Columbia owned by EastWest Bioscience, which acts as the Head Office for all of EastWest's Canadian operations. The Company's subsidiary 1290185 B.C. LTD ("185") is building a network of automated self-storage sites in British Columbia. The subsidiary's business model is designed to be low capex with highly scalable logistics. It is focused on secondary markets, consumer automation and innovative land partnerships, allowing it to move into new regions quickly, at scale and with minimal risk. EastWest hopes to build the forthcoming brand of 185 into a household name across Canada. ON BEHALF OF THE BOARD OF DIRECTORS OFEASTWEST BIOSCIENCE INC. "Rodney Gelineau"Co-Founder, Chief Executive Officer and Director