Saint Johns, MI -- November 21, 2017 -- InvestorsHub NewsWire --
Marani Brands, Inc. (OTC
PINK: MRIB) (the "Company"), is pleased to announce
its acquisition of a majority stake in Peppermint Jim, LLC.
Peppermint Jim, LLC is the operator of Crosby Mint Farms. The farm
was established in 1912 by the great-grandfather of James A.
Crosby, better known as Peppermint Jim, and is the oldest
continuously family operated mint farm in the United States. Mr.
Crosby is the fourth generation of Crosby mint farmers and artisan
distillers that grew up on the Crosby Mint Farm in St. Johns,
Michigan.
As part of the transaction Mr. Crosby will join the board of
directors of the Company.
Mr. Crosby stated, "The acquisition of Peppermint Jim, LLC by
Marani Brands will allow our family business to grow by tapping
into new markets and resources. In the coming weeks we will
introduce our new business plan." He also stated, "I look forward
to beginning this new chapter of our 105 year old company's
history."
Additional Financial and Restructuring events include:
- Financier, Paul Strickland, has joined the Company as
interim CEO and Director. Mr. Strickland led the
acquisition along with advisors to the Company.
Previous management no longer holds any preferred shares.
The initial payment for its majority stake of Peppermint Jim,
LLC. has already been completed
Marani Brands is seeking to build a portfolio of branded
products that can benefit from the economies of scale that comes
from a portfolio concept and reduce the sales cost of a single
independent brand.
Marani management believes that there is a unique opportunity in
the consumer products space to acquire and manage small brands
effectively, thereby giving Mariani a niche it can exploit and
experience exponential growth potential.
The Company is seeking suitable acquisitions and business
arrangements aligned with its new focus. The Company looks forward
to sharing future developments with its shareholder base in a
timely manner.
About Peppermint Jim, LLC
Peppermint Jim, LLC (PJ LLC), established in 2012, is the operator
of Crosby Mint Farms, established in 1912. PJ LLC owns a mint
distillery producing pure mint oil products utilizing a process
developed over one hundred years ago. PJ LLC products include mint
oils, lip balm, and muscle rub. PJ LLC also develops innovative
approaches in the marketing of pure essential mint oils, along with
the marketing of proprietary organic compost that is a by-product
of its production process. PJ LLC also operates the Tucson
Mountains Growing Station in Arizona in order to take advantage of
the favorable Southwestern US climate, harvesting four to five
times per year there, as opposed to just one annual harvest in
Michigan.
Learn more about Peppermint Jim, LLC by visiting http://peppermintjim.com/
Follow Peppermint Jim on Social Media:
https://www.facebook.com/peppermintjims
https://twitter.com/peppermintjim
https://www.youtube.com/user/peppermintjim
https://www.instagram.com/peppermintjim/
About Marani Brands, Inc.
Marani Brands is a wine and spirits company in the process of
transitioning itself into a consumer-focused organic health &
beauty products company.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Marani Brands, its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond
Marani Brand's ability to control, and that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors. More information about
the potential factors that could affect the business and financial
results is and will be included in Marani Brand's filings with the
Securities and Exchange Commission.