FREDERICTON, New Brunswick, March 20, 2020 (GLOBE NEWSWIRE) – Trius Investments Inc. (TSXV: TRU.H) (“Trius”) announces that it has entered into a loan in the principal amount of $ 1,250,000 ( the “Loan”) to Revive Organics Inc. (“Revive Superfoods”), a private company established under the laws of the Province of Ontario. The loan has a maturity date of March 20, 2021 and bears interest at the rate of 10% per annum, payable monthly. The Loan is guaranteed by a general guarantee contract in favor of Trius on all the assets of Revive Superfoods. Under certain circumstances set out in the loan, Revive Superfoods may make additional one-time payments to Trius.
Revive Superfoods operates in the dynamic ready-to-eat meals industry and has generated rapidly growing revenues while expanding its offerings across North America. Revive Superfoods offers a subscription service that delivers ready-to-mix smoothies and other healthy convenience foods right to consumers’ doors, with operations in Canada and the United States. Revive Superfoods will use the net proceeds of the loan to fund marketing and distribution initiatives, as well as for general working capital purposes. For more information on Revive Superfoods, check out their website at https://revivesuperfoods.com/.
Trius President and CEO Joel Freudman said, “We are delighted to announce the loan to jumpstart superfoods amid challenging market and economic conditions. This will provide Trius with monthly cash flow to compensate for the cash consumption while we research our next transaction. We believe Revive Superfood’s business will be resilient as consumers increasingly seek convenience and in-home dining.
About Trius Investments Inc.
Trius is an investment issuer seeking new business and / or investment opportunities, with a focus on established and income-generating businesses. The common shares of Trius trade on the NEX Board of the TSX Venture Exchange under the symbol “TRU.H”.
Trius is a holding company of Resurgent Capital Corp. (“Resurgent”), an investment bank providing advisory services in venture capital markets and proprietary financing. Resurgent works exclusively with Canadian companies with high potential for public and pre-public micro-capitalization.
For more information, please contact:
President and CEO
Trius Investments Inc.
Telephone: (647) 880-6414
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.
All information in this press release regarding Trius and Revive Superfoods has been provided by the respective parties for inclusion here, and each party relies entirely on the other party for any information regarding the other party. Trius assumes no responsibility for the accuracy or completeness of the information provided by Revive Superfoods.
This press release includes statements containing forward-looking information that reflect the current opinions and / or expectations of the management of Trius and Revive Superfoods, as applicable, including, but not limited to, the use of the product of the ready by Revive Superfoods and anticipated industry trends. Statements containing forward-looking information are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict and which are beyond the control of Trius. In particular, there can be no assurance that Trius will be able to research and execute additional transactions. Actual results may differ materially from those projected in the forward-looking information contained in this document. Therefore, readers should not place undue reliance on the forward-looking statements and information contained herein, which are qualified in their entirety by this cautionary statement. The forward-looking information contained in this press release is provided as of the date of this press release, and neither Trius nor Revive Superfoods undertake to publicly release revisions to update the forward-looking statements contained in this document, except as required by securities laws.