Marianna Naturals Corp. Announces The Cancellation Of The Acquisition And Distribution Agreement With VitaCell International Co. Ltd.


Pursuant to the following press releases dated April 27th and June 8th, 2020 reflecting the acquisition of the beauty division of VitaCell International Co. Ltd and the Distribution Agreement launching the brand into the Asian Market; Marianna Naturals Corp. is announcing the cancellation of these agreements due to the repudiation of the Agreements by VitaCell International Co. Ltd. The company issued 1,680,000 common shares to VitaCell International Co. Ltd consummating the transaction on June 1st, 2020.  It is mutually understood that both companies will not pursue further transactions with each other; reflecting that sentiment in a notice of cancellation electronically transferred to VitaCell International Co. Ltd by the company’s securities lawyer on September 21st, 2020 with confirmation of receipt on October 12th, 2020.
Due to the repudiation of the transaction by VitaCell International Co. Ltd, the company shall deem that action as consent to cancel the Consideration shares; where the physical share certificate was already received by VitaCell International Co. Ltd on August 20th, 2020. The company wishes VitaCell International Co. Ltd all the best in their future endeavours.
About Marianna Naturals Corp.
Marianna Naturals Corp. and Beauty Kitchen manufacture fresh handmade CBD and non-CBD beauty care, personal care, and cosmetics products. It was created from the hugely popular Beauty Kitchen YouTube series. The founder, Heather Marianna, a bubbly social media personality, translated her passion for looking and feeling her absolute best into the development of her all-natural beauty and skincare product line. Beauty Kitchen’s founder and CEO, Heather Marianna, skyrocketed in popularity with the launch of her Beauty Kitchen YouTube series in 2012 where she showcased simple, do-it-yourself beauty recipes made with common kitchen household ingredients. The series generated a powerful following of more than 4 million viewers. Beauty Kitchen is regularly featured in: Forbes, The Source, MTV, Bravo, The New York Post, People, Vegas, Star Magazine, Radar Online and many more media outlets with a large following of celebrities who use their products.
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FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. No regulatory authority has approved or disapproved the information contained in this news release.





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