The use of any of the words "anticipate", "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events, and may be impacted as a result of general economic conditions or the ongoing COVID-19 pandemic.
These statements relate to future events or future performance. To learn more about Vibe, please visit Cautionary Note Regarding Forward-Looking InformationĬertain statements contained in this press release constitute forward-looking information. Vibe is listed on the Canadian Securities Exchange under the symbol VIBE, on the OTC as VBSCF, and in Germany as A061. The Company intends to continue profitable expansion through organic growth and accretive mergers & acquisitions. The Company operates retail and e-commerce under its iconic "Vibe By California TM" brand. Vibe is a vertically integrated cannabis organization that operates retail dispensaries cannabis greenhouse cultivation premium indoor cultivation commercial distribution and transportation e-commerce and home delivery and the manufacturing of " Hype Cannabis Co. The common shares issued are subject to a six month hold period. Ventura received 3,112,092 common shares and 1,200,000 warrants, each to acquire one common share of Vibe at an exercise price of C$0.62 for a term of twelve months. The Company has assumed the lease obligation for the Portland dispensary, cash of $1.2 million (CAD) and existing inventory. In connection with the Transaction, Vibe has acquired the issued and outstanding shares of Portland for C$1,889,040 in an all-share transaction based upon Vibe's 30-day volume-weighted average price ("VWAP") of C$0.607 per share. To view an enhanced version of Figure 1, please visit: Richard McLean joins Vibe with over 25 years of retail experience ranging from well-known big box brands to upscale boutiques, having held senior retail roles with Target, Jo Malone London, and Hudson. To position Vibe for our next phase of expansion, we have hired a new Head of Retail Expansion to provide strategic leadership for new stores in California and the West Coast. "Vibe’s California stores have enjoyed phenomenal growth over the past year, and we are confident Oregon customers will welcome our exceptional customer experience and broad product offering. "We are thrilled to bring Vibe's one of a kind experience to Oregon and believe our Portland dispensary is an important part of our next chapter," said Vibe CEO Mark Waldron. November 10, 2020) - Vibe Growth Corporation ( CSE: VIBE) ( OTC Pink: VBSCF) (FSE: A061) (the " Company" or " Vibe"), a vertically integrated cannabis organization, is pleased to announce that, further to the Company's press releases dated Augand October 26, 2020, it has finalized the transaction (the "Transaction") to acquire Portland Asset Holding Corporation ("PAHC") and its cannabis dispensary in Portland, Oregon ("Portland dispensary") along with $1.2 million (CAD) of cash from Ventura Cannabis and Wellness Corp.
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