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Ayr Wellness Inc. (OTCMKTS: AYRWF) Signs Letter of Intent To Acquire Cultivauna LLC

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Ayr Wellness Inc. (OTCMKTS: AYRWF)  has signed a binding letter of intent to acquire Levia branded water soluble tinctures and cannabis-infused seltzers owner Cultivauna LLC. 

Ayr Wellness to buy Cultivauna 

Jonathan Sandelman, Ayr Wellness CEO, said, “Ayr wants something exciting to offer every cannabis consumer of today and the future cannabis customer of tomorrow. Infused beverages, done right, will be game changing to the mainstreaming of cannabis in the U.S., providing an approachable and sessionable form factor to new and existing customers. The acquisition of Levia brings Ayr into this rapidly growing segment with delicious, market-leading infused seltzer. We are excited to have Levia join Kynd premium flower and Origyn extracts in Ayr’s suite of premier national brand.”

Ayr will acquire a 100% equity stake of Cultivauna with terms of the transaction, including an upfront payment of $20 million-plus $10 million in cash for the rest of the stock. Also, it will include an earn-out payment of around $40 million payable in shares depending on the attainment of revenue milestones in 2022 and 2023. 

Sandelman added, “With a formula that provides consistently great flavor and zero calories in an infused beverage experience, we believe Levia has enormous potential as an alcohol alternative. In just six months since its initial launch in Massachusetts, Levia has become the top selling THC beverage. As we finalize our updated national brand portfolio to address all segments and form factors, Levia will play a marquee role in each market where we operate.”

Levia is available in three flavors

 Levia cannabis-infused seltzers usually offer quick onset of THC effects within 15-20 minutes, permitting a consistent consumption experience compared to edible products. Currently, Levia is available in Massachusetts in three flavors, including “Dream” Jam Berry, “Celebrate” Lemon Lime, and “Achieve” Raspberry Lime.  Each flavor can be accessible in 12-o0unce slim cans, and it contains 5mg THC. Equally, customers can access Levia in water-soluble tinctures. 

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Curaleaf Holdings Inc (OTCMKTS: CURFLF) Sells its Shares to Andrey Blokh

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Mr. Andry Blokh recently announced his acquisition of 722,577 subordinate voting shares of Curaleaf Holdings Inc (OTCMKTS: CURFLF). This represents roughly 0.125 of the company’s outstanding and presently issued Subordinate Voting Shares. Mr. Blokh acquired these 722,557 shares through agreements with the company itself and its indirect subsidiary.

Nature of agreement

However, according to this particular agreement, Curaleaf’s indirect subsidiary bought Blokh’s ownership interests in Naturex (a Blackjack Collective entity that runs a cannabis dispensary in Las Vegas) and Las Vegas Natural Caregivers (an entity that cultivates high-grade cannabis for dispensaries in the Las Vegas region. The Blackjack Transaction happened in November 2017. However, the agreement terms were amended in October 2019. The latter transaction was done in October 2019. Both transactions were concluded in August this year once regulatory approval was received. The 722,577 Subordinate Voting Shares transferred to Mr. Blokh was the consideration Curaleaf paid for the ownership rights to these entities.

Immediately before the acquisition, Andry Blokh owned about 127,173,634 Subordinate Voting Shares, which represented roughly 20.87% of the Curaleaf’s outstanding and issued Subordinate Voting Shares. The shares Andry owned before the transactions were transferred in connection to when it completed its business combination.

Andry Blokh has acquired these shares for investment purposes. He may either dispose of his holding or acquire more of the same shares depending on how the market behaves as well as other conditions. Mr. Blokh, one of the wealthiest Russians alive, owns about 28% of the company, valued at around $4 billion in 2018. He is worth about $905 million and is a former business partner to another wealthy Russian, Roman Abramovich. In 2010, Mr. Blokh bought one of Roman’s assets, Unimilk.

He recently has had his sights set on the global cannabis market, seeing as how many countries are either in the process or have outright legalized cannabis for medical use. Besides the United States, Britain, Thailand, and Greece have managed to liberalize their cannabis industries.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Columbia Care Inc (OTCMKTS: CCHWF) Scales its New Jersey Efforts by Opening a New Dispensary in Deptford, South Jersey

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Columbia Care Inc (OTCMKTS: CCHWF) is one of the United States’ most experienced and largest providers, cultivators, and manufacturers of both recreational and medical use cannabis products. It recently announced that it was opening a new dispensary in New Jersey, which will be located in Deptford’s Clements Bridge Road. The grand opening included a ribbon-cutting ceremony with Mayor Medany.

Senior Management

The company’s Chief Growth Officer, Jesse Channon, said that it is an ideal time for them to expand their New Jersey footprint especially considering how rapidly the cannabis community in the region is growing and the adult-use approved transition that’s soon to come. He claimed that they were delighted to bring cannabis-based products to the southern part of New Jersey, a region he said has a significant medical population. He thanked the Chamber of Commerce, Mayor Medany, and everyone who supported them throughout the entire process. The CGO confirmed that they couldn’t wait to welcome patients and provide them with unique all-around shopping experiences.

The Deptford dispensary will complement the company’s existing location as well as its Vineland-based 50,000 sq ft production and cultivation facility. This facility’s first harvest was completed in July. In addition, Columbia Care Inc intends to open another dispensary in the Hamilton region, which is expected to be up and running by the end of this year. The company will also open a second production and cultivation premises in Vineland that’ll provide an additional 250,000 sq ft of distribution, manufacturing, and canopy space, pending approval from the relevant authorities.

The dispensary will initially be stocked with the company’s Seed & Strain brand line and a wide array of products from other wholesale partner brands. However, the company said that it would add more of its brands as it continues to establish its footprints in the said regions. It will also add the Forage product, its one of a kind proprietary online discovery tool. Patients can go on the internet to view the menu.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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LiveWire Ergogenics Inc (OTCMKTS: LVVV) Set to Get Consulting and Marketing Services from California-Based Makana Ola Farms

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LiveWire Ergogenics Inc (OTCMKTS: LVVV) is a company that focuses on the licensing, management, and acquisition of special purpose real estate that can facilitate the production of organically grown, handcrafted, and high-quality cannabis products for both recreational and medical use in California. This company recently announced entering a partnership agreement with California-based Makana Ole Farms for consulting and management services.

Senior Management 

LiveWire’s Chief Executive Officer, bill Hodson, said they were expanding their affiliations with cultivators and making additions to their portfolio like Estrella River Farms situated in Paso Robles, CA. He claimed that their expert team would guide Makana through all the remaining licensing procedures. The CEO stated that they would draw from the 2-year experience they got when trying to get the licenses for Estrella River Farms. The Paso Robles-based Estrella Weedery has been exchanging cultivation ideas with Makana Farms for several months now.

The formal relationship between the two entities makes a lot of sense economically. It allows the company to continue to produce organic, high-quality cannabis products and run a clean business. Mr. Hodson explained how this relationship would enable them to apply their extensive knowledge and expertise on a larger scale and accommodate the exchange tools and teams between the two.

Found in Humboldt, California, Makana Ola Farms is a forty-acre property with over 9000 square feet of cultivation space right in the middle of Humboldt County. Makana is currently in the final stages of the licensing process. This region is synonymous with cannabis because many groups and individuals have been growing it there for several years.

Makana Ola Farm’s Jason Spain explained how they were a Polynesian family who wanted to move to Humboldt and share their sustainable living practices with the community. He said that since 2017 they’ve managed to mitigate more than 29,000 tons of waste and plastic from hillsides and streambeds. He claimed that they’ve gotten rid of a considerable amount of objects such as dryers, washers, and even old living trailers. In addition, the family used 100% natural catching methods.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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