(Photo Credit - Ervins Strauhmanis)
Laguna Blends Inc. (CSE:LAG) (OTC:LAGBF) (FRA:LB6A) completed its acquisition of ISO International, LLC and is changing its name to Isodiol International Inc., as stated in the CSE's recent release.
Back in April, it was announced that Laguna had signed an agreement to acquire 100% of ISO International, LLC, doing business under the name Isodiol, for "37,500,000 shares at a deemed price of $0.12 per share and pay $6,000,000 USD in staged payments over the following 12 months."
According to the release, Isodiol had "unaudited annualized sales of over $16,149,000 CDN and adjusted EBITDA of over $2,135,000 CDN.
Doing an initial Google search for "Isodiol" will come up with a handful of links. 5th from the top is Glassdoor's Isodiol employee reviews. The preview text beneath the link reads, "Having to lie to customers that isodiol CBD is from Switzerland when it is actually from China."
Upon clicking on the link, we see that the review was removed. Thanks to Google's cached files, from May 31st, we can see that negative review as well as another bad one that reads, "I get so many customer complains that our CBD is Synthetic and not real. I'm not sure if the CBD is real because the company never gives us accurate information. Not sure how I am supposed to help our customers out."
A PDF of the cached version are available here for future access.
While we cannot confirm or deny these allegations, it is interesting to note that these recent reviews from late March, 2017 have been removed alongside the company's lucrative multi-million-dollar buyout from Laguna Blends, Inc.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.