BCBliss Equity Crowdfunding

Overview

The Canadian cannabis sector is expanding as the federal government moves towards legalization of cannabis for recreational purposes in the summer of 2018. The effect of this step will be to create a projected supply shortfall of 40%. The estimated demand for medicinal cannabis is at $2.1 billion and recreational $10.0 billion.

Health Canada is the federal regulator which reviews and approves Licensed Producers and Licensed Sellers which are the required licenses to legally operate in the cannabis sector in Canada. As at December 31, 2017, Health Canada has approved 84 Licensed Producers, with over half of these being approved in 2017.

The Company commenced the licensing application process in 2015 and is now in the Detailed Active Review stage of the Health Canada process. Concurrent with working with Health Canada to be granted its License to Produce, the Company will undertake to raise $24 million (in a combination of equity and debt) to build out and equip its growing facility, based in Greater Vancouver.

Funds raised from this financing will enable the Company to continue with the Health Canada licensing process and if the maximum raise is attained, to accelerate the steps required to complete the construction of the growing facility.

Crowdfunded Activities

Here's how BCBliss Bioceuticals Corp. is planning on using the funds raised from this crowdfunding:

	Minimum Raise	Maximum Raise
Legal and consulting fees • City of Richmond – Building Permit	N/A	10,000
Complete architectural drawings	N/A	7,500
Property Assessment/Re-valuation fees	N/A	10,000
Additional Fund raising $15 million raise for build out and equipping the facility	N/A	15,000
• Accounting and audits	N/A	2,500
• Legal	N/A	5,000
• Management Fees and Expenses	N/A	30,000
• Marketing	N/A	10,000
Technical writing to support License to Produce and License to Grow	5,000	10,000

BCBliss Bioceuticals Corp.

Company Website: http://www.bcbliss.com
Head Office Address: Suite 201 - 221 West Esplanade, North Vancouver
Company Phone No: (604) 982-1497
Company Email Address: david.mcadam@bcbliss.com

Business – BCBliss Bioceuticals Corp (“BCBliss”) is a British Columbia incorporated Canadian company, focused on becoming a Licensed producer of cannabis and cannabis related products for the Canadian and international markets. The Company will be building out and equipping BC’s premium indoor low-cost cannabis ACMPR production facility in the lower mainland. Making extensive use of automation, BC Bliss will grow consistent, high grade cannabis products at a production costs of less than $1.00 per gram.

Market – The Canadian market is projected to be undersupplied with the expected legalization of recreational cannabis in Canada during the summer of 2018. In addition, Canada is one of only four countries in the world to export cannabis. With a world-wide move to acceptance of cannabis as a tool for pain management and system management for multiple sclerosis, epilepsy, Parkinson’s and others, provides BCBliss access to the international market.

Structure – BCBliss has currently established itself as a BC-based privately held company with plans of financing its capital needs through a combination of equity and debt to the benefit of its stakeholders. As the Company evolves and it receives its licenses from Health Canada, the Company will evaluate corporate structuring to maximize stakeholder value.

All Team Members & Relevant Parties

The REC 2015 Family Trust

Position at Issuer: Control Person
Municipality of Residence: Richmond, BC
Email Address: N/A
Principal Occupation for the Last Five Years: N/A
About:
Due to the nature of the company’s business and the requirements of Health Canada for security background checks within the cannabis sector and the fact that the company is in the early stages of fund raising, BCBliss has only appointed two officers. BCBliss has hired/contracted with a set of consultants who have either cannabis sector expertise and/or public company expertise to support the directors to insure that the Company adheres to governance best practices.

Paul Hosegrove

Position at Issuer: President
Municipality of Residence: Abbotsford
Email Address: N/A
Principal Occupation for the Last Five Years: Canadian Armed Forces
About:
Due to the nature of the company’s business and the requirements of Health Canada for security background checks within the cannabis sector and the fact that the company is in the early stages of fund raising, BCBliss has only appointed two officers. BCBliss has hired/contracted with a set of consultants who have either cannabis sector expertise and/or public company expertise to support the directors to insure that the Company adheres to governance best practices.

Ted Gibson

Position at Issuer: Treasurer, Secretary
Municipality of Residence: Victoria
Email Address: N/A
Principal Occupation for the Last Five Years: Canadian Armed Forces
About:
Due to the nature of the company’s business and the requirements of Health Canada for security background checks within the cannabis sector and the fact that the company is in the early stages of fund raising, BCBliss has only appointed two officers. BCBliss has hired/contracted with a set of consultants who have either cannabis sector expertise and/or public company expertise to support the directors to insure that the Company adheres to governance best practices.

News & Updates

BCBliss doesn't have any updates yet. Stay tuned!