EastWest Bioscience Inc V.EAST.H

EastWest Bioscience Inc. is a Canada-based vertically integrated wellness company with a multitude of business units and assets that allow for seed-to-sale supply chain management. The Company sources its raw materials, processes, manufactures, tests, brands, markets, and distributes its products to its customers in Canada, the United States and others. It owns and operates retail and manufacturing subsidiaries. Its retail subsidiary (natural health retail franchise - the Sangster's health centers) is engaged in the health and wellness industry. Its stores provide natural remedies for the prevention and treatment of disease and ailments. It has over 202 exclusively labeled products, including vitamins, mineral, herbs, proteins, natural body care and organic foods. The Company, through its subsidiary, Orchard Vale Naturals Inc., is a Health Canada licensed manufacturing facility with capabilities to encapsulate, package and label. It manufactures health supplements for B2B clients.

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EastWest Bioscience Inc > GREAT NEWS READ IT

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Post by ROUGETRADER719on Jan 31, 2020 2:52pm

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GREAT NEWS READ IT

The following highlights are mainly quoted from the MD&A:

(1) The Company recognized total revenues of $1,752,025, including other operating revenue, for the year ended July 31, 2019 as compared to $198,777 for the year ended July 31, 2018, (increased by 781%). (Page 16)

(2) EastWest anticipates that its distribution sales to continue to ramp up. Purity Life, Canada's largest natural health product distributor, has selected pet treats Slim'Dog and Calm'Cat, both of which contain a ground-breaking hemp- and cricket-based formula for pets, as the first pet treats to be carried under the Purity Life banner. (Page 12)

(3) EastWest continues to grow its Consumer Products Group (“CPG”) side of the business. EastWest’s four original, uniquely blended, hemp health supplements saw incremental distribution with many independent and regional chains throughout Canada. The Company’s strategy has been to prove the concept of new product launches in traditional health and wellness stores. With sales growing month over month, the Company is working with larger grocery banners and drug chains developing a plan for calendar 2019. In fiscal Q3, the Company is ramping up the sales of its premium granola-style hemp seed and fruit snack bars under its Earth’s Menu food product brand. Launched in late Q1, Chewy Goodness, Unapologetically Delicious snack bars have been formulated in three delicious and nutritious flavours – Omega Apple, Omega Cranberry and Blueberry Raisin – all Kosher and Peanut free. The first products were shipped with retail purchase orders already in the pipeline. The responses from end customers and retailers have been excellent and the Company is working to add further distribution channels to place these delicious products into the hands of consumers. (Page 12)

(4) By the end of calendar 2019, EastWest will have around 30 CPG products covering five unique categories within stores. In addition, EastWest has future plans to launch products infused with CBD for both human and pet consumption (pending receiving all appropriate licensing, TSXV, and regulatory approvals). (Page 13)

(5) CANADIAN EXPANSION: EastWest Bioscience announces that it has signed a Letter of Intent for a Joint Venture with Benchmark Botanics Inc. (“Benchmark”) for the purposes of Cannabis Act licensing, joint product development, and product distribution to national and international markets. EastWest and Benchmark are excited to be aligning their Canadian businesses across multiple stages of the product life cycle. A period of negotiation and exchange of information has continued as the two parties are finalizing the terms of the Joint Venture. (Page 13-14)

(6) USA EXPANSION: The Company has started production of CBD infused Chill Dog and Quick Cat for the US Market. +CBD Chill Dog and +CBD Quick Cat will be sold through the company’s Kentucky based distribution arm, EastWest Science USA. The products are currently in production and scheduled to be available in the year 2020. EastWest is working with distributors in the US for product launch pre-orders. (Page 13)

Please read the MD&A at:

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00038448

(Disclaimer: This is only the information I have read as well as my personal opinion based on my understanding. It is NOT any investment advice. Do your own DD.)

Previous News:

(1) December 18, 2019

EastWest Bioscience announces that it has entered a share purchase agreement with Darryl Sangster, Aquila Health Corp. and Sangster's Real Estate Corp. (collectively, the "Sangster Parties") for the purchase of shares of 1123573BC Ltd. ("573") and Orchard Valley Naturals Inc..

https://web.tmxmoney.com/article.php?newsid=8937536236510908&qm_symbol=EAST

(2) November 27, 2019