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Sunday, April 18, 2021

Saavy Naturals Lawsuit, The Rise of Trimax Corp (OTCMKTS: TMXN)

Trimax Corp (OTCMKTS: TMXN) has been heating up and running higher in recent months as this explosive situation gains traction with Mediation set for Teusday. This is all about the claim that was brought forward in December 2019. Tilray has been accused of leading TMXN into bankruptcy and face heat after allegations first reported on by Law360 which details the $150 million lawsuit filed against the Canadian licensed producer (LP) in the state of Florida. According to the lawsuit, Tilray allegedly plotted to bankrupt the Trimax Corp. subsidiary Saavy Naturals for the purpose of acquiring it at a reduced valuation to complement its line of CBD infused personal care products. Saavy Naturals was made famous after it appeared on the ABC hit television show Shark Tank.

Infinity Global Consulty Group stepped in and is representing TMXN. The owner of Infinity is the former IR of the company. The claim is $150 million. As it stands mid December there’s a hearing, mid January there’s fireworks as the judge will decide which direction this goes. It could however come to a settlement. The AS is close to being maxed out. The O/S has been the same for ages (467 million). OS/Float is at 214 million. The volume in November surged in anticipation on the trial/ potential settlement to +275 million. On Friday alone Tirmax traded 129 million shares and was up over 100%

Trimax Corp (OTCMKTS: TMXN) through its wholly owned subsidiary, Saavy Naturals Inc., offers a complete line of Natural Skin Care products, which includes body creams, body scrubs, body wash, shampoos, conditioners, handcrafted soaps, bath bombs, bath salts and candles. Saavy Naturals products are 100% natural, vegan, gluten-free, soy free, cruelty-free, non-GMO, and food-grade. Currently, Saavy Naturals can be found in some of the largest natural retail stores and exclusive boutiques and spas across the nation. Some of the retailers include Walmart, Whole Foods Market in the Northeast and Southern California regions, Gelson’s Market, Vitamin Cottage, Bristol Farms, Erewhon, Lazy Acres and Earth Fare. Additionally, Saavy Naturals products can be purchased through numerous online retailers, including at saavynaturals.com and on Amazon.

Hugo and Debra Saavedra, Saavy Naturals Inc.’s, CEO and President, gained instant popularity for their all-natural body care product line after being spotlighted and appearing on ABC’s hit show Shark Tank. The Sharks took an instant liking to Hugo and Debra, their love story, their previous success in the body care industry, and the superior quality of their all-natural product. Hugo and Debra have since increased the company’s product line exposure with several highlighted television features on The Home Shopping Network and are currently working on additional television marketing opportunities.

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The last press release from the Company came on December 13, 2018 the Company announced its wholly owned subsidiary Saavy Naturals Inc., has surpassed 200 Walmart locations for their luxurious handcrafted soaps which is a part of their Saavy Naturals Everyday brand. As previously reported, Walmart originally approved the roll-out of Saavy Naturals Everyday’s beautiful free-standing custom-made pallet displays, which hold 1,152 individual soaps in 12 captivating scents, to 50 Walmart locations in Texas.

Hugo Saavedra, CEO of Trimax Corporation and Saavy Naturals Inc., stated, “We are extremely pleased to announce that our handcrafted soaps have now expanded from 50 stores in one state to over 200 locations in 23 states over the last two months. We are confident that we will hit our goal of distributing to 1,000 locations throughout all 50 states.” He also stated, “We continue to experience consistent sales of our Savvy Naturals Everyday bath bombs to Walmart throughout the U.S. as well.”

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TMXN has been heating up and running higher in recent months as this explosive situation gains traction. This is all about the claim that was brought forward in December 2019. Tilray has been accused of leading TMXN into bankruptcy and face heat after allegations first reported on by Law360 which details the $150 million lawsuit filed against the Canadian licensed producer (LP) in the state of Florida. According to the lawsuit, Tilray allegedly plotted to bankrupt the Trimax Corp. subsidiary Saavy Naturals for the purpose of acquiring it at a reduced valuation to complement its line of CBD infused personal care products. Saavy Naturals was made famous after it appeared on the ABC hit television show Shark Tank. Infinity Global Consulty Group stepped in and is representing TMXN. The owner of Infinity is the former IR of the company. The claim is $150 million. As it stands mid December there’s a hearing, mid January there’s fireworks as the judge will decide which direction this goes. It could however come to a settlement. The AS is close to being maxed out. The O/S has been the same for ages (467 million). OS/Float is at 214 million. The volume in November surged in anticipation on the trial/ potential settlement to +275 million. On Friday alone Tirmax traded 129 million shares and was up over 100% Mediation set for December 16, 2020.(Glaser, Barry) We will be updating on TMXN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TMXN.

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Disclosure: we hold no position in TMXN either long or short and we have not been compensated for this article.

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