THOUGHFUL BRANDS INC NEW - PEMTF STOCK NEWS

Thoughtful Brands, Inc. (OTCQB:PEMTF) has canceled its acquisition of Franchise Cannabis Corp. to maintain its joint venture, strengthening sales networks in North America and Europe. Management cited positive market changes in Q1 2021 within cannabis and CBD as a reason. The company focuses on profitability through improved customer retention and plans to introduce new CBD products by Q2 2021. Additionally, it aims to establish a wholesale supply chain and expand sales in Europe, particularly in the UK and Germany.

Thoughtful Brands Inc. announced the termination of its letter of intent with Franchise Cannabis Corp. for a merger, originally disclosed in January. In connection with this termination, Thoughtful Brands will pay FCC $100,000 and issue 5,000,000 common shares valued at $0.05 per share, subject to a holding period. Despite the merger's cancellation, the European joint venture with FCC remains intact, allowing the company to continue its product development for the European market. Thoughtful Brands plans to reinstate trading of its shares on the Canadian Securities Exchange under the ticker 'TBI.'

Thoughtful Brands (CSE:TBI, OTCQB:PEMTF) has announced its acquisition of American CBD Extraction Corp, enabling a vertically integrated model for hemp processing. With the capacity to process over 1,200 lbs41,000 sq ft facility, this acquisition allows Thoughtful Brands to control its supply chain and enhance product quality. The company issued 110 million common shares as part of the deal. CEO Ryan Hoggan emphasized potential cost reductions and expansion opportunities following the acquisition, which positions the brand for future growth in the CBD market.

Thoughtful Brands Inc. (CSE:TBI, OTCQB:PEMTF) has announced a definitive agreement to acquire American CBD Extraction Corp. and its subsidiary, East Kentucky Extractions, LLC, a move aimed at establishing itself as a vertically integrated CBD retailer. This acquisition will provide Thoughtful Brands with a licensed facility capable of processing over 1,200 pounds of hemp per day and access to abundant hemp biomass. The deal is expected to lower product costs, enhance product quality, and foster innovation across its CBD brands.

Thoughtful Brands Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) announced the completion of a non-brokered private placement offering, raising $600,000 through the issuance of 3,000,000 units at $0.20 per unit. Each unit consists of one common share and a warrant to acquire an additional share at $0.28 for two years. Proceeds will settle debts, support a joint venture in Europe, and compensate consultants. The company aims to enhance its growth strategy and expand its footprint in the natural health products market.

Thoughtful Brands Inc. (OTCQB: PEMTF) announced a Supply Agreement with Sweet Earth Holdings Corp. to exclusively provide CBD dog treats under the Nature's Exclusive brand. This partnership utilizes Thoughtful Brands' eCommerce technology to enhance customer acquisition. The pet CBD market is projected to grow from $64 million in 2018 to $810 million by 2024, outpacing the overall CBD market. Additionally, Thoughtful Brands continues to expand its portfolio with recent acquisitions in the natural health product sector. A resignation of CFO Szascha Lim was also noted.

Thoughtful Brands Inc. (CSE:TBI, FSE:1WZ1, OTCQB:PEMTF) has signed a binding term sheet to acquire Kentucky-based American CBD Extraction Corp. for Cdn$11 million, aiming to become a vertically integrated CBD company. The acquisition includes a 41,000 square foot facility that can process over 1,200 pounds of hemp daily. The deal will enhance the company's product formulations and facilitate sales in Europe and beyond. This strategic move is anticipated to increase margins and expand product offerings, while closing remains contingent on certain financial conditions.

Thoughtful Brands Inc. (CSE:TBI, OTCQB:PEMTF) reported strong financial results for August 2020, reflecting a total revenue of Cdn$3,809,000, with expenses of Cdn$3,652,000. This follows July's revenue of Cdn$2,340,000 against expenses of Cdn$2,418,000 and June's revenue of Cdn$2,712,000 with expenses of Cdn$2,775,000. The three-month revenue totaled Cdn$8,861,000, a 19% increase year-over-year. Recent strategic acquisitions in the nutraceutical and CBD sectors enhance growth prospects, alongside the launch of Ecommerce Tech LLC, aimed at optimizing operational efficiency across its eCommerce platforms.

Thoughtful Brands Inc. (PEMTF) has announced a joint venture with Franchise Cannabis Corp. to sell CBD and cosmetic products in the EU, Switzerland, Norway, and the UK. With equal ownership, Franchise will handle procurement while Thoughtful Brands will manage marketing and eCommerce. Franchise is a significant player in the cannabis distribution sector in Germany. The partnership includes a $500,000 investment from Franchise, with Thoughtful Brands contributing $350,000 to develop operations in Europe, leveraging its eCommerce capabilities for product launches.