Brooklyn, N.Y., December 14, 2018 –Sport Endurance, Inc. (OTCQB: SENZ) (the “Company”), announced today that it has retained INFOR Financial Inc. (“INFOR Financial”) to provide financial advisory services in exploring strategic alternatives in the cannabidiol (“CBD”), hemp, and legal cannabis industries.
David Lelong, Chief Executive Officer of Sport Endurance, stated, “We are pleased to retain INFOR Financial to help us strategically evaluate investments in the CBD, hemp and legal cannabis industries. After diligently seeking a highly qualified financial advisory services firm to guide us through our potential investments in the space, we are very pleased with the timing of our engagement with INFOR Financial.”
Just this week, the 2018 Farm Bill passed in the U.S. House and Senate with signature by President Trump as the next step in the legislative process. According to New Frontier Data, it is estimated that the Farm Bill will potentially unlock approximately $1.9 billion in hemp-derived CBD, marijuana-derived CBD, and pharmaceutical CBD revenue by 2022.
About INFOR Financial Inc.
INFOR Financial is an independent investment bank based in Toronto that offers advice on mergers and acquisitions, capital raises and corporate restructurings. INFOR Financial’s principals have extensive experience providing advisory services on complex, transformative transactions and related capital markets activity for companies in a broad range of industries including financial services, technology, media and communications, cannabis, healthcare, industrials, and metals and mining.
About Sport Endurance, Inc.
At the foundation of Sport Endurance is the belief that good health practices and nutrition contribute to and promote a higher quality of life. The goal of Sport Endurance is to improve the health of others by providing quality and effective nutritional supplement products. Sport Endurance is currently seeking opportunities in the CBD, hemp, and legal cannabis industries. For more information, please visit http://www.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future potential in the CBD, hemp, and legal cannabis industries and the Company’s acquisition plans. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Important factors that could cause actual results to differ from those in the forward-looking statements include regulatory developments aimed at hemp legalization and the Company’s ability to successfully enter into a new business model and find suitable acquisition candidates. Further information on our risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Sport Endurance, Inc.
David Lelong, President and CEO