Critical Contract Strengthens Capacity for Forbidden’s Expansion Plans
- Aggressive mergers & acquisition specialist to assist CEO,
- Instrumental in assisting Forbidden in completing previous equity raise and obtaining TSXV listing,
- Entrepreneurial spirit and shared expansionary vision.
[Kelowna, BC, January 27, 2022] — Forbidden Spirits Distilling Corp. (TSX.V: VDKA - the "Company" or “Forbidden Spirits”), is pleased to announce that it has hired Blackcrown Partners Corp. (“Black Crown”) as Forbidden Spirits merger & acquisition firm to advise on sourcing, evaluating, negotiating, and closing strategic joint venture, co-packing, and mergers & acquisitions agreements for the Company.
“We are delighted to have Black Crown on our team,” commented Blair Wilson, President and CEO. “The retention of this firm comes on the heels of our recent $3.6 million equity raise and December 2021 go-public transaction. We are now well positioned to execute on our expansion plans and Black Crown’s experience will be critical in the successful execution of our plans.”
“This is an exciting opportunity for us,” said Ms. Ruab Waraich, Black Crown’s CEO. “We believe that the Canadian and global market for Forbidden’s ultra-premium portfolio of spirits is extensive and growing and that the current landscape lends itself to continued national and international growth and expansion via mergers & acquisitions and joint ventures.
Ms. Waraich has a decade of combined experience in the areas of strategic advisory, mergers & acquisitions, treasury capital fundraising, corporate finance, and commodities trading. She has advised several large corporations on M&A transactions and acquisition finance in the iron ore and mining space. She brings with her an extensive network of connections from across the globe that will help in facilitating our expansionary growth.
The retention of Black Crown is subject to the approval of the TSX Venture Exchange, and other necessary regulatory approvals.
About Forbidden Spirits Distilling Corp.
Forbidden Spirits is a fast growing craft distillery in Canada and commenced trading on December 17, 2021, on the TSX Venture Exchange under the symbol “VDKA.V”
Forbidden Spirits currently manufactures and distributes a portfolio of ultra-premium brands including REBEL Vodka, Eve’s Original Gin, Adam’s Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka and Wallace Hill Whisky.