(via TheNewswire)
Fiberlab has developed the proprietary protocols with a closed-loop filtration and isolation technology AREV has been seeking. The single pass technology, called "Cannapūr®”, integrates all refining steps into a continuous stream production process. Continuous flow replaces batch methods that require more equipment with a large footprint and have less efficiency. The proprietary technology employed in extraction, separation, purification, isolation and recovery processes are a perfect complement to AREV’s proprietary technology. The proprietary manufacturing process provides a variety of high-end “pharmacological grade” and mid-market finished products for the adult-use and medicinal market sectors with planned deployment in the pharmaceutical market.
Fiberlab’s downtown
The Fiberlab® Cannapūr® technology provides the perfect solution for generating multiple revenue streams in the cannabis market and other possible industries. Proprietary continuous-flow cryogenic bio-oil purification, separation and low heat recovery technology maintains the integrity of the whole plant genetic material to produce a superior full-spectrum oil (FSO) in a single pass with a smaller footprint, lower operating costs, and lower up-front capital expenses. The Cannapūr® technology also creates bulk isolated cannabinoids with economies of scale that are suited for the pharmaceutical compounding of prescription medicines.
Cannapūr technology is a closed-loop fully automated process developed under an exclusive global services agreement (GSA) with
Achieves a higher yield than ethanol-based extraction to provide superior refining margins.
Produces high-potency, high-purity products that deliver “Cannabinoids the way nature intended™” as a result of our Zero Molecular Destruction™ nanotechnology.
Provides large scale pharmaceutical grade isolates necessary for accurate micro-dosing, which is ideally suited for medical and pharmaceutical compounding.
Creates a variety of consumer driven products with a single system.
Highly scalable technology that provides excellent economies of scale.
Suitable for any market globally.
“This is an excellent fit for AREV’s current systems and the broad spectrum compounds. These are compounds we have produced through years of scientific research and development in the extraction of lipids and other ingredients for use in clinical and functional nutrition and pharmaceutical products”, stated
Mr.
The key items outlined in the Term Sheet are:
Fiberlab and AREV intend to enter into a Binding Acquisition Agreement through which AREV will acquire 100% of the outstanding shares of Fiberlab.
As soon as practicable after signing the letter of intent, AREV will invest
$550,000 USD to Fiberlab through a mezzanine financing (“Mezzanine Financing”) as an advance. Terms of the advance will be determined in the Definitive Agreement.AREV plans to acquire Fiberlab for a total $7MM USD* in AREV common shares issued to Fiberlab shareholders valued at the market price of AREV shares on the date prior to the Closing or a 5 day Volume Weighted Average. VWAP. *The actual value (“Valuation”) will be determined by a 3rd party valuation firm that is recognized by the
Canadian Stock Exchange (“CSE”). The Valuation from the report will be used to calculate the number of shares AREV issues to the shareholders of Fiberlab, Inc.AREV will be the operator of the public entity, while Fiberlab will manage the development of the Cannapūr® technology with Katzen and further deployment of proprietary processes for deployment in the
U.S. andEurope under its brands. Upon closing of the share exchange Arev will receive 100% of all profits and losses from the operations. Any ongoing losses after the completion of the transaction will be charged against the books of Arev.Fiberlab shall assist AREV in the transfer of any applicable Site Licenses, Patents, any permits, licenses, insurance policies, and registrations required to continue with the operation of the business.
Fiberlab will receive 2 of the 5 Board seats of AREV. All future issuances of AREV Shares after the Closing will require approval by 4 of the 5 Members of the Board of Directors of AREV.
Further the Company has arranged a
Securities issued by the Company pursuant to the Financing will be subject to a four month and one day hold period in
None of the foregoing securities have been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in
Finders’ fees may be paid in cash, shares or warrants, or a combination of the forgoing, subject to the Board approval and in accordance with the policies of the CSE.
For further information, contact
On behalf of the Board,
CEO & Director
About
The Company is a fully integrated enterprise with competencies in: 1) extraction of compounds for consumption and topical use. 2) Clinical Nutrition and 3) A technology platform called Medicine Merchant. The Company produces ingredients and formulates exclusive therapeutic interventions with plans to deliver innovation in clinical nutrition, proprietary supplements, topicals and rational drug design, based on science. The Company’s business model leverages its core competency of extraction to produce ingredients and compounds for its pipeline of products. The Company continues in the product development and pre-commercialization stage.
AREV is dedicated to designing and delivering innovation in rational drug design, driven by presenting global epidemiological characteristics of multiple challenges to international human and animal health. AREV is a member of both
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FORWARD LOOKING INFORMATION
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