Harbour Coca Launches US$5 Million Reg D506 Capital Raise; Provides Update on 2023 Milestones and Priority Initiatives

Written by Newsfile

Investors participating in the Financing include New York-based ArcStone US Ventures and recognized CPG entrepreneur, John Celenza, co-founder of BioSteel

Toronto, Ontario--(Newsfile Corp. - October 24, 2023) - Harbour Solutions Importation Inc.^[1] ("Harbour" or the "Company"), the world's leading coca leaf company, today announced the launch of an offering of its common shares under Rule 506(c) of Regulation D for gross proceeds of up to US$5,000,000 (the "Financing").

The Financing will provide strategic capital to Harbour and enable accredited investors to participate in the growth of the rapidly emerging coca sector. In connection with the Financing, Harbour has secured investments from New York-based venture capital fund ArcStone US Ventures ("ArcStone") (along with personal investments from ArcStone's CEO Michael Astone and its Managing Director Jack Bensimon) as well as recognized CPG entrepreneur, John Celenza, co-founder and former CEO of BioSteel Sports Nutrition.

Earlier this year, Harbour became the first company to successfully import coca leaf extract into Canada, an effort that took many months to complete. Since then, the Company has successfully completed a secondary importation on an expedited basis.

"Harbour has diligently navigated through the complex regulatory processes to set a new standard for the expansion and growing influence in the coca leaf and derivative products sector," said David Craig, Harbour's CEO. "With the proceeds of the Financing, along with the strategic participation by ArcStone and John Celenza, Harbour will open up the power and the potential of coca leaf extract to the world through new and differentiated products."

For thousands of years, coca has been heralded as a panacea among many cultures, offering benefits as a medicine, a tonic and a food. But for a variety of political reasons, its many medical and health benefits have gone unrecognized in Western culture. That is starting to change as the success of cannabis and psychedelics has generated renewed interest in once-stigmatized plant-based medicines.

John Celenza, Co-founder of BioSteel, said: "I am thrilled to be investing in Harbour as I believe strongly in its mission and innovative potential. The Company's work with coca as a natural, healthy and functional ingredient positions it to be a catalyst for innovation in the CPG industry. I look forward to working with David and his team to create a new era of cutting-edge consumer goods and help unleash the power of the coca plant for good."

Michael Astone, CEO of ArcStone, added: "The growing interest in coca is reminiscent of the early days of the hemp and cannabis industries. Investors who got in early were the big winners. As with cannabis and hemp, coca-based nutraceuticals and CPG products represent a huge disruptive opportunity in the multiples of billions of dollars. Energy drinks, functional foods and beverages are all likely to be disrupted by coca products. New brands as well as large established CPG companies are going to be developing new products with coca. These are just a few of the reasons why we at ArcStone are excited to be investing in Harbour."

The Offering is exempt from registration under Rule 506(c) of Regulation D which allows companies to raise capital by selling equity to accredited investors only.

About Harbour Solutions Importation Inc. ("Harbour Coca")

Harbour Coca is changing the world's relationship with the coca leaf. For 4,000 years the biofunctional health benefits of the coca plant have been available to those in South American Andean cultures. Harbour, guided by seasoned business builders and the best legal, regulatory and scientific minds, is bringing these benefits of coca to the rest of the world while building a sustainable coca leaf commercialization industry with practical go-to-market plans in product verticals that represent hundreds of billions of untapped revenue streams.

Learn more about us at www.harboursolution.com ^[2] and www.investincoca.com ^[3].

For more information, please reach out to:

David Craig, CEO Harbour Solutions+1 647 219 2934david@harboursolution.com ^[5]

McKenna MillerVice President, PRKCSA Strategic Communicationsmmiller@kcsa.com ^[6]+1 9496066585

Forward-Looking Information and Statements

Certain statements in this news release related to Harbour are forward-looking statements and are prospective in nature, including but not limited to the express or implied statements and assumptions regarding the intention of Harbour to complete the Financing. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These forward-looking statements generally can be identified by the use of forward-looking words such as "may", "should", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe", "will" or "continue", or the negative thereof or similar variations. There are numerous risks and uncertainties that could cause actual results and Harbour's plans and objectives to differ materially from those expressed in the forward-looking information, including but not limited to adverse market conditions and risks inherent in Harbour's business. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this press release. Except as required by applicable law, Harbour does not intend to update these forward-looking statements. Without limiting the generality of the foregoing, there can be no assurance that the Financing will be completed as proposed, or at all. Investors are cautioned that, except as disclosed in the management information circular and/or listing statement to be prepared in connection with the Financing, any information released or received with respect to the Financing may not be accurate or complete and should not be relied upon. Investing in the securities of Harbour should be considered highly speculative.

None of the securities to be issued in connection with the Transaction have been, or will be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws, and may not be offered or sold within the United States or to any U.S. Person (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available. This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in any jurisdiction where such offer or solicitation would be unlawful, including the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/185081 ^[7]

References

^{^} Harbour Solutions Importation Inc. (api.newsfilecorp.com)
^{^} www.harboursolution.com (api.newsfilecorp.com)
^{^} www.investincoca.com (api.newsfilecorp.com)
^{^} @harboursolution (api.newsfilecorp.com)
^{^} david@harboursolution.com (www.newsfilecorp.com)
^{^} mmiller@kcsa.com (www.newsfilecorp.com)
^{^} https://www.newsfilecorp.com/release/185081 (api.newsfilecorp.com)