• Boustead Securities

Allied Corp. (OTCQB-ALID ) Announces the Commencement of it's $5.25 Million Unit Offering



Irvine, CA, September 21, 2021 -- Boustead Securities, LLC (Boustead) client Allied Corp. (OTCQB-ALID) has commenced its $5.25 Million unit offering pursuant to Section 506(c) of Regulation D of the Securities Act of 1933. Allied Corp. is an international cannabis company with its main production center in Colombia and is one of the few companies that has exported from Colombia internationally. In preparing for US legalization, Allied also has the option to purchase a US cannabis license in the US (Nevada). In addition to this, Allied has three CBD-brands to market with products selling in the United States. Also, Allied has both Cannabinoid and psilocybin products in the pharmaceutical development track seeking pharma drug indications for depression, anxiety and PTSD. For more information, please visit: www.allied.health.


For more information on the offering, please contact offerings@boustead1828.com


 

Allied Corp.

  • Allied is one of the few companies that has exported CBD based products from Colombia.

  • Allied’s cost of production has been as low as US$0.05/gram vs. US$1.50-$2.00/gram in North America.

  • The Company currently has access to 200 acres for cultivation and production in Colombia; additional land holdings are available to the Company for scaled production.

  • Allied has been able to complete 6-7 harvests per year given the favorable Colombian climate, facilitating consistent supply.



For more information on the offering, please contact offerings@boustead1828.com


 

The Company’s first objective is to control its own international vertically integrated supply chain or CBD, cannabis, and psilocybin products in order to maximize cash flow and profit margins. Its management team believes that having control over its supply chain should enable Allied to provide a consistent, rolling-harvest supply to the global cannabis community.



In addition, Allied has hemp derived CBD (less than 0.3% THC) natural health products for sale in the United States, exported CBD to the United States under the Federally legal mandate, and has received commercial approval for sale of medical cannabis being produced in Colombia for export to nations other than the United States, and has initiated human clinical phase I trial for its psilocybin-based pharma products ALID 11, ALID 12 and Psilonex™ which are protected under provisional patent and trademarks in the United States. All are in addition to what the Company considers to be its demonstrated ability to cultivate low-cost, high margin cannabis in Colombia primarily for use in proprietary cannabinoid drug and natural health products for international distribution.


For more information on the offering, please contact offerings@boustead1828.com

 

About Allied Corp

Allied Corp. is an international cannabis company with its main production center in Colombia and is one of the few companies that has exported from Colombia internationally. In preparing for US legalization, Allied also has the option to purchase a US cannabis license in the US (Nevada). In addition to this, Allied has three CBD-brands to market with products selling in the United States. Lastly, Allied has both Cannabinoid and psilocybin products in the pharmaceutical development track seeking pharma drug indications for depression, anxiety and PTSD.



About Boustead Securities, LLC

Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com



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Cautionary Statement Concerning Forward-Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.

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