cuckoo 4 cocoa puffs
4 years ago
Item 1.01 Entry into a Material Definitive Agreement.
On April 27, 2020, Gridiron BioNutrients, Inc., a Nevada corporation (the “Company”) announced that it had entered into a Participation Agreement (the “Libertas Participation Agreement”), effective April 27, 2020, with Libertas Funding, LLC, a Connecticut Limited Liability Company (“Libertas”), pursuant to which Libertas offered and the Company accepted to participate with Future Receivables in Purchase Agreement(s) with qualifying merchants, specifically QSI Holding Company, a Delaware Corporation (“QSI”). The Company’s participation buy-in amount was $200,000 with a participation purchase of $264,000 that is estimated to result in weekly payments to the Company for a minimum period of nine months or until the full participation purchase amount has been paid.
On April 27, 2020, the Company offered and sold to Cavalry Fund I LP that certain 22% Original Issue Discount self-amortizing convertible note that requires nine (9) equal installment payments in the amount of $28,846.15 beginning on June 15, 2020 (the “Cavalry Note”). The Cavalry Note has the principal sum of $259,615.15 with a purchase price of $202,500. The principal amount of $259,615.15 is to be paid back in full on February 15, 2021 (“Maturity Date”). In the event the Company fails to make the $28,846.15 installment payment by the 15th day of each designated month and/or fails to cure any missed installment payment within five (5) calendars days following the due date, or the Company Defaults, the defaulted amount owed shall be 130% of the total outstanding balance owed by the Company. The default interest rate for missing an installment payment shall be 18% and the conversion into common stock shall be at a price of $0.02 per common stock.
On April 29, 2020, under the Libertas Participation Agreement, the Company received 45,053 Warrants of QSI Holding Company, (“QSI Warrants”) to Purchase Common Stock priced $3.1336 for common stock par value $0.00001 expiring the 7th anniversary after the issue date.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure with respect to the Cavalry Note in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
https://ih.advfn.com/stock-market/USOTC/gridiron-bionutrients-qb-GMVP/stock-news/82383633/current-report-filing-8-k
gmcdonald34
4 years ago
Gridiron BioNutrients Repurchases over 77.5 Million Shares of Its Common Stock
6:16 am ET February 13, 2020 (Newsfile) Print
Scottsdale, Arizona--(Newsfile Corp. - February 13, 2020) - Gridiron BioNutrientsT (OTCQB: GMVP), announces it has completed the repurchase of 77,872,500 shares that represented 51% of the total issued and outstanding shares of common stock.
Tim Orr, President of Gridiron BioNutrients stated, "Gridiron recently executed a Stock Purchase Agreement to purchase 77,872,500 shares of common stock of the Company for an aggregate purchase price of $80,000. The Company will return the 77,872,500 shares of common stock back to the authorized capital stock of the Company. The result of this buyback leaves Gridiron with approximately 66,116,720 shares issued and outstanding; this significant reduction of issued and outstanding stock shows the commitment Gridiron has to improving shareholder value as we continue to develop our business within the CBD Oil extraction and processing space."
About Gridiron BioNutrientsT
Gridiron is in the CBD space with and has had a focused on the development and commercialization of high-quality innovative CBD products within the health and wellness marketplace. Gridiron strives to formulate and design products that maximize the human body's potential enabling individuals to heal faster, train longer and recover quicker.
Contact
Email: ir@gridironmvp.com or info@gridironmvp.com
Official Website:www.gridironbionutrients.com ; www.gridironmvp.com
Brands: www.gridironbionutrients.com ; www.gridironmvp.com
Follow us:
Facebook @gridironmvp - Instagram @gridironmvp - Twitter @gridironmvp
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Gridiron BioNutrients Inc. (the "Company") or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's filings with the Securities and Exchange Commission. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Gridiron BioNutrients, Inc.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52379
captainscotty
5 years ago
#GMVP: Demand Brands (DMAN) Signs Distribution Agreement for Gridiron MV (TM) (GMVP) 02/06/2019...:-}
https://www.otcmarkets.com/stock/DMAN/news/Demand-Brands-DMAN-Signs-Distribution-Agreement-for-Gridiron-MV-TM-GMVP?id=217679
Demand Brands (DMAN) Signs Distribution Agreement for Gridiron MV (TM) (GMVP)
Press Release | 02/06/2019
LONG BEACH, CA / ACCESSWIRE / February 6, 2019 / Demand Brands, Inc. (OTC PINK: DMAN), (''Company'' or ''DMAN''), a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries, announced today that it has entered into an agreement with Gridiron Bionutrients, Inc. (OTCQB: GMVP) to distribute through its network Gridiron's brands of CBD-infused products. Gridiron products include nutritional functional beverages, edibles, tinctures, salves and concentrates.
Bruce Hannan, CEO of DMAN stated, ''We believe that the Gridiron products are a great addition to our product line offerings; we recognized the increased demand and market for fully functional beverages and are confident that Gridiron's uniquely formulated CBD infused water line and concentrates will be in high demand with distributors across North America; thereby expanding our market presence and ultimately increasing our revenue capabilities.''
''We are very excited about our agreement with Demand Brands, Inc. As we begin to ramp up our production, we believe this relationship will be a catalyst for market penetration and increased awareness of our unique product formulations and concentrates,'' said Mr. Timothy Orr, President of Gridiron.
About Demand Brands
Demand Brands, Inc. is associated with an array of businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com
https://www.facebook.com/demandbrands
http://www.twitter.com/demandbrands
https://www.instagram.com/demandbrands
About Gridiron BioNutrientsTM
Gridiron is focused on the development and commercialization of high-quality innovative CBD products within the health and wellness marketplace. Gridiron strives to formulate and design products that maximize the human body's potential enabling individuals to heal faster, train longer and recover quicker.
To be added to the Gridiron email distribution list, please email info@gridironmvp.com with GMVP in the subject line.
Official Website: www.gridironbionutrients.com
E-Commerce Site: www.gridironMVP.com
Follow us:
Facebook: @gridironmvp
Instagram: @gridironmvp
Twitter: @gridironmvp
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ''anticipate,''''believe,''''estimate,''''expect,''''intend'' and similar expressions, as they relate to Demand Products and/or Gridiron BioNutrients, Inc. (the ''Company'') or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not a guarantee of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's filings with the Securities and Exchange Commission. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Dale Funk
info@demandbrandsinc.com
877-543-4747
Werbe
5 years ago
As of 3-4-19 Grays Peak LLC owns 85 million shares and control here. Prospectus was filed on 3-4-19
Share Structure as of 02/21/2019
Authorized Shares 200,000,000
Outstanding Shares 132,637,500
Market Cap 5,305,500
52WK RANGE 0.0297 - 0.74
Grays Peak LLC beneficially owns a majority of our stock, and accordingly, has control over stockholder matters, our business and management.
As of the date of this Prospectus, Grays Peak LLC (“Grays Peak”), is the holder of 85,000,000 shares of common stock of the Company.
CARSON CITY, NV / ACCESSWIRE / March 6, 2019 / Gridiron BioNutrientsTM (OTCQB: GMVP), a nutraceutical innovator specializing in Cannabidiol (''CBD'') health and wellness products to the individual and sports and fitness markets announces the opening of its corporate headquarters in Carson City, Nevada. Gridiron plans to develop its operations including sales and marketing and research and development out of its new corporate headquarters.
https://www.gridironbionutrients.com/
https://www.otcmarkets.com/stock/GMVP/profile
captainscotty
5 years ago
#GMVP: Demand Brands (DMAN) Signs Distribution Agreement for Gridiron MV (TM) (GMVP) 02/06/2019...:-}
https://www.otcmarkets.com/stock/DMAN/news/Demand-Brands-DMAN-Signs-Distribution-Agreement-for-Gridiron-MV-TM-GMVP?id=217679
Demand Brands (DMAN) Signs Distribution Agreement for Gridiron MV (TM) (GMVP)
Press Release | 02/06/2019
LONG BEACH, CA / ACCESSWIRE / February 6, 2019 / Demand Brands, Inc. (OTC PINK: DMAN), (''Company'' or ''DMAN''), a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries, announced today that it has entered into an agreement with Gridiron Bionutrients, Inc. (OTCQB: GMVP) to distribute through its network Gridiron's brands of CBD-infused products. Gridiron products include nutritional functional beverages, edibles, tinctures, salves and concentrates.
Bruce Hannan, CEO of DMAN stated, ''We believe that the Gridiron products are a great addition to our product line offerings; we recognized the increased demand and market for fully functional beverages and are confident that Gridiron's uniquely formulated CBD infused water line and concentrates will be in high demand with distributors across North America; thereby expanding our market presence and ultimately increasing our revenue capabilities.''
''We are very excited about our agreement with Demand Brands, Inc. As we begin to ramp up our production, we believe this relationship will be a catalyst for market penetration and increased awareness of our unique product formulations and concentrates,'' said Mr. Timothy Orr, President of Gridiron.
About Demand Brands
Demand Brands, Inc. is associated with an array of businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com
https://www.facebook.com/demandbrands
http://www.twitter.com/demandbrands
https://www.instagram.com/demandbrands
About Gridiron BioNutrientsTM
Gridiron is focused on the development and commercialization of high-quality innovative CBD products within the health and wellness marketplace. Gridiron strives to formulate and design products that maximize the human body's potential enabling individuals to heal faster, train longer and recover quicker.
To be added to the Gridiron email distribution list, please email info@gridironmvp.com with GMVP in the subject line.
Official Website: www.gridironbionutrients.com
E-Commerce Site: www.gridironMVP.com
Follow us:
Facebook: @gridironmvp
Instagram: @gridironmvp
Twitter: @gridironmvp
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ''anticipate,''''believe,''''estimate,''''expect,''''intend'' and similar expressions, as they relate to Demand Products and/or Gridiron BioNutrients, Inc. (the ''Company'') or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not a guarantee of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's filings with the Securities and Exchange Commission. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Dale Funk
info@demandbrandsinc.com
877-543-4747
captainscotty
5 years ago
#GMVP: Demand Brands (DMAN) Signs Distribution Agreement for Gridiron MV (TM) (GMVP)
https://www.gridironbionutrients.com/news/
https://www.demandbrandsinc.com/
https://www.otcmarkets.com/stock/GMVP/news/story?e&id=1278095
LONG BEACH, CA / ACCESSWIRE / February 6, 2019 / Demand Brands, Inc. (OTC PINK: DMAN), (''Company'' or ''DMAN''), a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries, announced today that it has entered into an agreement with Gridiron Bionutrients, Inc. (OTCQB: GMVP) to distribute through its network Gridiron's brands of CBD-infused products. Gridiron products include nutritional functional beverages, edibles, tinctures, salves and concentrates.
https://www.accesswire.com/users/newswire/images/534523/Demand%20Logo.png
Bruce Hannan, CEO of DMAN stated, ''We believe that the Gridiron products are a great addition to our product line offerings; we recognized the increased demand and market for fully functional beverages and are confident that Gridiron's uniquely formulated CBD infused water line and concentrates will be in high demand with distributors across North America; thereby expanding our market presence and ultimately increasing our revenue capabilities.''
''We are very excited about our agreement with Demand Brands, Inc. As we begin to ramp up our production, we believe this relationship will be a catalyst for market penetration and increased awareness of our unique product formulations and concentrates,'' said Mr. Timothy Orr, President of Gridiron.
About Demand Brands
Demand Brands, Inc. is associated with an array of businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com
https://www.facebook.com/demandbrands
http://www.twitter.com/demandbrands
https://www.instagram.com/demandbrands
About Gridiron BioNutrientsTM
Gridiron is focused on the development and commercialization of high-quality innovative CBD products within the health and wellness marketplace. Gridiron strives to formulate and design products that maximize the human body's potential enabling individuals to heal faster, train longer and recover quicker.
To be added to the Gridiron email distribution list, please email info@gridironmvp.com with GMVP in the subject line.
Official Website: www.gridironbionutrients.com
E-Commerce Site: www.gridironMVP.com
Follow us:
Facebook: @gridironmvp
Instagram: @gridironmvp
Twitter: @gridironmvp
Safe Harbor Statement
Except for historical information contained herein, statements in this release may be forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ''anticipate,''''believe,''''estimate,''''expect,''''intend'' and similar expressions, as they relate to Demand Products and/or Gridiron BioNutrients, Inc. (the ''Company'') or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not a guarantee of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company's filings with the Securities and Exchange Commission. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products and services, (v) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to cannabis, (vi) management's ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, and (vii) other information that may be detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Dale Funk
info@demandbrandsinc.com
877-543-4747
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