Leading Brands, Inc. Enters into Binding Agreement to Sell Edmonton Bottling Plant Land and Building
October 31 2016 - 1:19PM
Leading Brands, Inc.
(NASDAQ:LBIX)
, announces that it has entered into
a binding agreement to sell its Edmonton bottling plant land and
building.
The transaction is for all cash on closing and is scheduled to
complete on February 1, 2017. No other terms were
disclosed.
About Leading Brands, Inc.Leading Brands, Inc.
(NASDAQ:LBIX) is North America’s only fully integrated healthy
beverage company. Leading Brands creates, designs, bottles,
distributes and markets its own proprietary premium beverage brands
via its unique Integrated Distribution System (IDS)™ which involves
the Company finding the best and most cost-effective route to
market.
Forward Looking StatementsCertain information contained in this
press release includes forward-looking statements. Words such
as “believe”, “expect,” “will,” or comparable terms, are intended
to identify forward-looking statements concerning the Company’s
expectations, beliefs, intentions, plans, objectives, future events
or performance and other developments. All forward-looking
statements included in this press release are based on information
available to the Company on the date hereof. Such statements
speak only as of the date hereof. Important factors that
could cause actual results to differ materially from the Company’s
estimations and projections are disclosed in the Company’s
securities filings and include, but are not limited to, the
following: general economic conditions, weather conditions,
changing beverage consumption trends, pricing, availability of raw
materials, economic uncertainties (including currency exchange
rates), government regulation, managing and maintaining growth, the
effect of adverse publicity, litigation, competition and other risk
factors described from time to time in securities reports filed by
Leading Brands, Inc. For all such forward-looking statements, we
claim the safe harbor for forward looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995.
©2016 Leading Brands, Inc.
This news release is available at
www.LBIX.com
CONTACT:
Leading Brands, Inc.
Tel: (604) 685-5200
Email: info@LBIX.com
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