- Power Leaves (CSE:NASA) has completed its reverse takeover of Atmofizer Technologies (CSE:ATMO), setting the company up for an imminent listing on the Canadian Securities Exchange.
- The company manufactures decocainized coca leaf derivatives for the food and beverage market.
- Atmofizer Technologies stock last traded at C$0.055.
Power Leaves (CSE:NASA), a manufacturer of decocainized coca leaf derivatives for the food and beverage market, has completed its reverse takeover of Atmofizer Technologies (CSE:ATMO), setting the company up for an imminent listing on the Canadian Securities Exchange.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Power Leaves holds an exclusive licensing agreement with the Nasa Indigenous Community of the Indigenous Reserve of Calderas in Colombia and benefits from manufacturing, INVIMA-registered R&D and FDA-registered packaging facilities in the Neiva region of the country, granting the company a strong position to compete with what it describes as Coca-Cola’s decades-long monopoly on the coca leaf.
The company will have 211.12 million shares issued and outstanding (224.08 million fully diluted), as well as US$3.02 million on its balance sheet following the completion of a concurrent capital raise, which will help to procure equipment, engage in marketing and advance R&D initiatives.
The listing, conditionally approved by the exchange, is expected to take place by September 9th under the ticker symbol “NASA” with a brand new board and management team.
Pat McCutcheon, a co-founder of MediPharm Labs (TSX:LABS), will serve as Chair and Chief Executive Officer, after having grown the cannabis extraction company into one of the largest in the world.
Leadership commentary
“We now have the capital to execute,” McCutcheon said in Monday’s news release. “For the past several years, the constraint on this business hasn’t been demand; it’s been capacity. We have a commercial pipeline with flavour houses and consumer packaged goods companies that has been waiting on our ability to produce at volume and complete the certifications and quality audits those customers require. This financing goes directly into manufacturing equipment, quality systems and the processes that let us convert that pipeline into revenue.”
About Power Leaves Holdings
Power Leaves is advancing the first legal Colombian supply chain for decocainized coca leaf extract for the food and beverage market.
Atmofizer Technologies stock (CSE:ATMO) last traded at C$0.055.
Join the discussion: Find out what investors are saying about Power Leaves on the Atmofizer Technologies Inc. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
