May 31st, 2022 – TheNewswire – Vancouver, B.C. - Ventree Innovations Inc, announces pursuant to the National Instrument 45-110, and in partnership with Vested.ca, that the Company’s Series B placement was oversubscribed and closed on May 27, 2022, with gross proceeds of $31,650 and 64 investors. The placement was priced at $0.10 per Special Warrant.  

 

This raise also secured CDN$250,000.00 in stock purchase at 10c from Blockscale Studio which includes:  The Chain Collective, Influx Ltd and Contango Digital Assets. Blockscale Studio will also be responsible for creating the Utility Token Economics to evaluate a digital currency to be used in land and tree acquisition Globally, with the strategy to allow the broadest participation in the sustainable vision of the company.  

Ventree Innovations Inc will issue a total of 316,500 Special Warrants at a price of $0.10/Special Warrant.  The Special Warrants automatically convert into common shares of the Issuer on a one-to-one basis: (i) at any time, at the discretion of the Issuer; (ii) upon the issuance by a Canadian securities regulatory authority of a receipt for a final prospectus qualifying the issuance of the Common Shares upon conversion of the Special Warrants; or (iii) on that date that is 18 months from the date of issuance of the Special Warrants.

Nicholas Jeffery, Chair of the board said, “The close of the Series B placement signals a new chapter for the company and prepares us to dramatically scale, creating a long-term sustainable and stable platform for the environment, communities, and all of our internal and external stakeholders. All the new Series B participants will receive a complementary bag of Ventree Life Moringa Leaf Powder to try for themselves, a first-hand sample of the power of Moringa”.  

Gregory van Duyse, Founder and managing partner of Blockscale Studio, commented... “Having a digital strategy as a foundational building block with Ventree Innovations and Priceless Farms will provide a significant springboard for the companies allowing them to grow sustainably and exponentially with confidence.  We are delighted to contribute via this investment and look forward to breaking new ground participating in the Blockchain element of the Ventree Living Lab strategy”.  

Ventree Innovations and its foundational farm Priceless Farms in Uganda was founded by Canadian, Aaron Elton and American, Joe Goodwin. With 140 acres in the White Nile area of Uganda, Africa the farm produces a vivid green, superior quality Moringa leaf powder. This will be the first of a variety of cultivated crops, some for the local market, but the majority will be for organic phytochemical and other nutraceuticals production to export Globally. VentreeLife’s products are already a significant constituent in Licenced Nutritional foods exported via a partner globally.

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Ventree Innovations Inc.| Unit 704 - 595 Howe Street - Vancouver, BC V6C 2T5 PH: +1 (604) 245-5956

  

 
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The Priceless Farms team in Uganda with Founder Aron Elton, who lives in Uganda with his wife and children

Moringa is often known as the “miracle tree,” Mainly, because every part of the Moringa tree is beneficial for humans and animals. The leaves, roots, bark, seeds, and seed cake can be used for a variety of things, including food, medicine, and water purification and even biofuels.  

Moringa Leaf Power contains 2 times the protein of yogurt, 4 times the vitamin A of carrots, 3 times the potassium of bananas, 7 times the vitamin C of oranges, and 4 times the calcium of milk.  Priceless Farms process preserves the nutrition of the living plant to deliver a full complement of essential amino acids and phytonutrients.

  

About Ventree Innovations

Ventree Innovations is a dynamic young company investing in sustainable agroforestry and herbal medicine production in the tropical regions of the world. By adding value to forests through the development of a wide range of efficacious natural products we work with indigenous communities to protect and enhance their traditional forests, which are critically needed to help the planet reverse global warming.  

 

The company envisions becoming a global inspiration for thousands of subsidiaries and franchise-like model farms and eco-friendly processing companies while delivering only the highest quality all natural consumables through a professional online shopping experience that gives our customers the opportunity to sponsor and support the expansion of our medicinal forests in a collective effort to move humanity into a sustainable future economy.

For further information on the company, its management team, VentreeLife products, and Priceless Farms, please visit our website www.ventreeinnovations.com  

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For more information, please contact

 

Ventree Innovations

E:   investors@ventreeinnovations.com

P:   +1 (604) 245-5956

W: https://ventreeinnovations.com/

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Ventree Innovations Inc.| Unit 704 - 595 Howe Street - Vancouver, BC V6C 2T5 PH: +1 (604) 245-5956

 

 

Forward Looking Statements:

Unless otherwise denoted, all currencies are in Canadian Dollars.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect“, "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements.

This news release may contain forward-looking statements and information concerning Ventree Innovations Inc. (“the Company”); and includes its wholly owned subsidiaries.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the success of new product development, the Company’s ability to integrate acquired businesses and complete strategic acquisitions of additional business and other factors that affect demand for the Company’s products.

Although the Company believes that the expectations and assumptions on which such forwardlooking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the Company’s actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to expenditures and other factors that affect demand for the Company’s products, industry competition, the need to effectively integrate acquired businesses, uncertainties as to the Company’s ability to implement its business strategy effectively in Canada and the United States, labor, equipment and material costs, access to capital markets, interest and currency exchange rates, technological developments, political and economic conditions and the Company’s ability to attract and retain key personnel.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether,  as a result of new information, future events or otherwise, except as required by law.

 

Ventree Innovations Inc.| Unit 704 - 595 Howe Street - Vancouver, BC V6C 2T5 PH: +1 (604) 245-5956