Toronto, Ontario (Newsfile Corp. - February 18, 2021) - Leviathan Natural Products Inc. (CSE: EPIC) (the "Company" or "Leviathan") is pleased to announce that it has amended the terms of its $7.5M unsecured
Leviathan Natural Products Inc.: Leviathan Natural Products Provides Corporate Update
Company or
Leviathan ) is pleased to provide the following corporate update with respect to its product development and operations in Tennessee, USA, Antioquia, Colombia, and Ontario, Canada.
Leviathan US - Carthage, Tennessee Facility
Leviathan US, Inc. (
Leviathan US ), is accelerating its US business extracting and processing cannabinoid products from hemp biomass at its newly renovated 37,000 square foot facility on 9.75 acres in Carthage, Tennessee. The facility features a unique ethanol processing technique. This process involves chilling the ethanol and plant biomass to -80°C with liquid nitrogen. The ultra-low temperatures produce the precise formulations with superior potency and purity. The state-of-the-art facility includes 2,500 square feet of custom C1D2 extraction clean room space with foam fire suppression systems, security cameras and precision air handling.
Leviathan Natural Products Inc.: Leviathan Natural Products Announces Repricing and Extension of Warrants
Company or
Leviathan ) announced today that it has repriced and extended the expiry date of an aggregate of 15,000,000 outstanding private placement warrants expiring in December 2020. The warrants were issued pursuant to a private placement financing that closed in several tranches in July 2018, and were originally set to expire in July 2020. The warrants were extended and repriced on June 19, 2020. On December 8, 2020, the CSE granted Leviathan an exemption which allowed the Company to conduct a second repricing and extension of the warrants. The warrants will be repriced from $0.75 to $0.60 and the expiry date extended to December 31, 2021. All other terms of the warrants remain unchanged.