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15OCT, 2018

EVI Global Group to acquire Borganic Consulting

EVI GLOBAL GROUP DEVELOPMENTS CORP. ANNOUNCES THE SIGNING OF A NON-BINDING LETTER OF INTENT WITH BORGANIC CONSULTING INC. AND NON-BROKERED PRIVATE PLACEMENT OF UNITS

EVI Global Group Developments Corp. has signed a non-binding letter of intent with Borganic Consulting Inc., which is focused on the commercial extraction of cannabidiol (CBD) from industrial hemp. Borganic has engineered a proprietary commercial-scale extraction technology that is more cost-efficient than other traditional extraction processes. Borganic has also secured an exclusive joint venture partnership with United Kingdom-based DragonFly Biosciences LLC to build a CBD extraction facility to service the European Union (EU). DragonFly’s 2018 harvest of 420 hectares of CBD-rich hemp is expected to produce a minimum of 4.5 million grams of CBD. The extraction facility has the capability to produce over 18 million grams of CBD annually, making it one of the largest refineries of CBD in Europe. The company has also received multiple enquiries from other European Union-based hemp producers to extract CBD for them under contract. Cannabis News Wire projects that the worldwide CBD market will grow to more than a $2-billion industry within two years with a 39-per-cent compounded annual growth rate.

The letter of intent is for EVI to acquire all the issued and outstanding shares of Borganic for a purchase price consisting of 30 million shares of EVI, adjusted for any of Borganic’s outstanding liabilities on the closing date. As a condition to closing the acquisition, EVI will close a financing to raise an aggregate of $3-million. Borganic has granted EVI a binding 60-day exclusivity period to execute a definitive agreement, complete due diligence and raise the required capital. The acquisition is anticipated to close in Q4 2018, assuming legal, regulatory and exchange approval of the transaction.

Private placement

The company has arranged a non-brokered private placement offering of up to 12 million units at a price of 25 cents per unit for gross proceeds of up to $3-million. Management of the company may decide to increase the size of the financing by up to an additional $500,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 50 cents for one year. The units issued in the offering are subject to a four-month hold period.

The company may pay finders’ fees in connection with the financing to certain eligible finders in the form of cash and/or securities.

“The use of CBD in the EU far exceeds its use in North America and represents mostly untapped business opportunity. Borganic’s partnership with DragonFly positions Borganic a year ahead of most competitors. This is the opportunity we’ve been looking for,” exalted Jason Dussault, chief executive officer of EVI. “The anticipated closing of this strategic acquisition is expected to establish us as a market leader in the CBD manufacturing market within the EU.”

About EVI Global Group Developments Corp.

EVI Global Group Developments is a natural resource company based in Vancouver, B.C., engaged in the acquisition, exploration and development of mineral properties, with its primary focus on its silica properties, located within British Columbia.

We seek Safe Harbor.

 

Industry News

15Jan, 2019

EVI Global Group to acquire Borganic Consulting

EVI GLOBAL GROUP DEVELOPMENTS CORP. ANNOUNCES THE SIGNING OF A NON-BINDING LETTER OF INTENT WITH BORGANIC CONSULTING INC. AND NON-BROKERED PRIVATE PLACEMENT OF UNITS EVI Global Group Developments Corp. has signed a non-binding letter of intent with Borganic Consulting Inc., which is focused on the commercial extraction...Read More

15Jan, 2019

EVI Global Group closes $4-million private placement

EVI ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT EVI Global Group Developments Corp. has closed its non-brokered private placement previously announced on Sept. 5, 2018. Due to increased demand, the previously announced private placement was increased from $3-million to $4-million with 16 million ...Read More

15Jan, 2019

EVI Global firms up acquisition of Borganic Consulting

EVI ANNOUNCES PROPOSED ACQUISITION OF BORGANIC CONSULTING INC. In connection with the letter of intent with Borganic Consulting Inc. previously announced on Sept. 6, 2018, EVI Global Group Developments Corp. has entered into a definitive share exchange agreement with Borganic under which the company has agreed to acqui...Read More

Going Public

As of November 16, 2018

We have filed our listing statement in connection with EVI Global Group Developments Corp.’s change of business with the CSE for comments.

Timeline

15Jan, 2019

EVI Global Group to acquire Borganic Consulting

read more

15Jan, 2019

EVI Global Group closes $4-million private placement

read more

15Jan, 2019

EVI Global firms up acquisition of Borganic Consulting

read more

Refinery #1 - Romania

June 7, 2018

LEASED FACILITY IN ROMANIA

June 7, 2018

COMPLETED FACILITY ENGINEERING DRAWINGS

August 1, 2018

ORDERED CUSTOM MANUFACTURED EQUIPMENT AND SCIENTIFIC EQUIPMENT

June 7, 2018

LEASED FACILITY IN ROMANIA

September 1, 2018

HIRED LOCAL ARCHITECT FOR PERMITTING

September, 2018

FLOORS, WASHROOMS, WALLS, ROOF AND CEILING ALL IMPROVED

October 1, 2018

LARGE HEMP SEPARATOR MACHINE ARRIVES ON SITE

November 15, 2018

ROMANIAN SUBSIDIARY COMPANY DOCUMENTS APPROVED & REGISTERED

November 22, 2018

ROMANIAN STAFFING PROCESS STARTED - FACILITY GM HIRED

November 25, 2018

SUCCESSFUL SITE VISIT OF GOVERNMENTAL ENVIRONMENTAL AGENCY

November 25, 2018

BAILESTI MAYOR VISIT - HEAVILY SUPPORTIVE

December 1, 2018

PLACED TWO 40 FOOT CONTAINERS AT FACILITY FOR STORAGE

December 5, 2018

FOUR CONTAINERS OF SPECIALIZED EQUIPMENT ARRIVED FROM SUPPLIERS FORKLIFT ARRIVED

  • Anticipated Upcoming Milestones
June 7, 2018

LEASED FACILITY IN ROMANIA

December 15, 2018

ASSEMBLY OF SEPARATOR MACHINE, GENERAL MANAGER HIRING STAFF FOR JAN 2019 START

December 20, 2018

COMPLETION OF 40 FOOT WALK IN FREEZER

January 1, 2018

COMPLETION OF INTERIOR WALLS AND SECURITY SYSTEMS

January 7, 2018

INSTALLATION OF SCIENTIFIC EQUIPMENT

January 21, 2018

BEGIN EXTRACTION

Update on Our Partners

Milestones

April, 2017

planted first crop

May, 2017

obtained first licence to grow

June, 2017

purchased first 10ha of land

September, 2017

commenced first run of finance

November, 2017

Closed first run of finance

January, 2018

extraction of first crop

February, 2018

dragonfly product online

March, 2018

open loan note

May, 2018

EIS status granted

July, 2018

3yr gmp licence granted

August, 2018

signed ceuta as a distributor

August, 2018

commenced second harvest

September, 2018

cbd content crop analysis 7.58%

September, 2018

J/V melabies

September, 2018

first bulk sale order (germany)

October, 2018

season 2 harvest completed

October, 2018

sale to day lewis pharmacy

October, 2018

starpharma

November, 2018

closed loan note

November, 2018

boots istribution deal