Pierre Corp. Secures $2.5 Million Equity Line Financing
WEST HOLLYWOOD, California, Jan. 3, 2020 /PRNewswire/ -- Pierre Corp. (OTCQB: PIRE), a consumer packaged goods contender with first phase focus on CBD beverages, prepares to strengthen its position in the marketplace with resources made available through a $2.5 Million Equity line Financing with Tiger Trout Capital LLC. The terms of the Equity Agreement will give Pierre Corp the right, but never the obligation, to sell to Tiger Trout up to 2.5 Million Dollars worth of Pierre's registered common stock over an anticipated two-year period at times and in amounts that Pierre deems appropriate. Pierre Corp products are slated to be made available through wholesale, retail and end user e-commerce sales channels in the first quarter of 2020.
The company plans to access the capital for its ongoing development, inventory and marketing programs. For more information please visit our website; www.pierrecorp.com.
As the target market becomes increasingly educated, a growing demand for healthier, higher quality selections position the Company to become a considerable disruptor in the industry. Pierre is bringing healthier options to market as consumers seek health conscious alternatives to popular sugary, sweet and generally unhealthy carbonated beverages.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer demands;; seasonal nature of our business. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this press release, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.
The OTC Markets or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
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SOURCE Pierre Corp.