On April 1, 2019, River Wild Exploration Inc., a Canadian Securities Exchange listed British Columbia company, completed the acquisition of CBD Lifestyle Corp. (“CBDL”). CBDL is a private Ontario company focused on the creation and launch of a sparkling beverage infused with hemp-derived cannabidiol in the United States. Under the terms of the transaction, River Wild acquired all of the outstanding share capital of CBDL in consideration for the issuance of 26,000,000 common shares to the existing shareholders of CBDL. In connection with the transaction, River Wild completed a non-brokered private placement of 6,040,000 common shares at a price of $0.50 for aggregate gross proceeds of approximately $3 million and changed its name to CENTR Brands Corp. CENTR Brands Corp. commenced trading on the CSE on April 3, 2019 under the ticker symbol “CNTR”.
Cassels Brock acted for River Wild in the financing and the acquisition of CBDL.