VANCOUVER, British Columbia, July 24, 2018 (GLOBE NEWSWIRE) -- Wildflower Brands Inc. (CSE:SUN) (the “Company”) is pleased to announce it has signed a Letter of Intent (“LOI”) for the acquisition Evolver Holdings Corp (“Evolver” or the “Target”). Evolver, a privately held company based in New York, has an established holistic health community with over 3.2 million Facebook followers and over 110,000 Instagram followers. In addition, Evolver owns one of the most innovative and trusted wellness retailers in Manhattan, The Alchemist’s Kitchen (www.thealchemistskitchen.com). This purchase paired with our recent announcement on expanding into New York retail with Retail Worx furthers Wildflower’s commitment to getting exposure for our products and brand into the largest markets in the world.
The Alchemist’s Kitchen is a profitable innovative retail concept with projected annualized revenues of $3 million in 2018. The Alchemist’s Kitchen brings an exciting new approach to holistic wellness by combining the most modern and innovative treatments with plant-based medicines to create a truly unique retail experience.
Pursuant to the terms of the LOI the Company intends to acquire a 100% interest in Evolver by issuing 5,000,000 common shares to the Target shareholders, based on their pro rata holdings.
William MacLean, CEO of Wildflower, says, “Evolver has created an incredibly loyal following by creating an online wellness community through education, then bringing that community physically together through the Alchemist Kitchen. Allowing the community to gather, share and heal together while providing expert advice and education, The Alchemist’s Kitchen is a recognized leader in plant-based healing. This expertise and strategy will enhance and accelerate Wildflower’s expansion online and into new markets.”
Lou Sagar, CEO of Evolver, states, “We have been working with Wildflower for 2 years now and know their commitment to quality plant-based products. Our belief in the power of plants directly aligns with Wildflower’s belief, plants heal. The strength of Wildflower’s brand and distribution channels will greatly expand our ability to grow The Alchemist’s Kitchen. Further, we believe our line of Plant Alchemy products will be a natural fit with Wildflower’s existing product line-up.”
ABOUT WILDFLOWER
Wildflower is a holistic wellness company headquartered in Vancouver building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts.
ABOUT EVOLVER HOLDINGS
Evolver presents online learning through the Evolver Learning Lab, and publishes the online magazine Reality Sandwich. The Alchemist’s Kitchen is a part of Evolver and is dedicated to connecting people with the power of plants. The Alchemist Kitchen offers products by vetted brands that meet high, exacting standards for sustainable practices and social commitment, with an emphasis on goods that reflect the deep personal involvement of their producers.
On Behalf of the Board of Directors
“William MacLean”
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William MacLean
Director and CEO
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