LeanLife Health initiates product analysis ahead of launching boxing giant Mike Tyson’s Iron Energy drink in the US and Canada

LeanLife Health Inc (CSE:LLP) said on Wednesday that it has initiated a product analysis with regulatory authorities ahead of launching boxing giant Mike Tyson’s Iron Energy drink in the US and Canada. Vancouver-based LeanLife Health, which is developing Omega-3 products as oil, powder or emulsion to be used as food additives, noted that “compliant packaging is vital for obtaining market access” for the classic energy drink. In a statement, LeanLife Health Chief Operating Officer Gavin Mah said: “We expect the product analysis to be completed for the US market first and are working on the Canadian regulations at the same time. Since the branding of Iron Energy with boxing legend Mike Tyson is in place, LeanLife has started to reach out to major distributors in the US and Canada.” READ: LeanLife Health appoints natural health product expert as its new COO to take company to next level Meanwhile, the digital platform and viral app, Triller earlier announced that Mike Tyson and Roy Jones Jr.'s highly anticipated boxing return is set for November 28 with new additions to the robust fight card. "It is now our priority to fast track the market entry of the Iron Energy Drink in the US as Mike Tyson's fight is November 28, 2020. We cannot think of a better platform to promote both the Iron Energy brand and LeanLife Flax Oil," LeanLife Health CEO Stan Lis said in a statement. Separately, the company has agreed to issue 12,725,000 units at a price of $0.06 per unit to settle outstanding debt totaling $763,500. Each unit consists of one share priced at $0.06 per share and one transferable share purchase warrant to purchase an additional share at $0.08 each for a period of two years. Directors and officers of the company will participate in the transaction by converting $478,500 of outstanding consulting, management and director's fees for a total of 7,975,000 units. Contact the author Uttara Choudhury at uttara@proactiveinvestors.com Follow her on Twitter: @UttaraProactive