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Marijuana Company of America Inc. (OTCMKTS: MCOA) Competes cDistro Acquisition

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Marijuana Company of America Inc. (OTCMKTS: MCOA) has completed a stock-for-stock acquisition of cDistro Inc. cDistro is a fast-growing distribution company in the hemp industry that will deepen Marijuana Company of America distribution footprint in North America.

MCOA acquires cDistro

Marijuana Company of America Inc. (OTCMKTS: MCOA) will operate cDistro as its wholly-owned subsidiary. The former shareholders of cDistro will hold 5.23% of outstanding and issued stock of MCOA and will gain additional stock in the next year if cDistro meets specific revenue targets. The acquisition is an arm’s length deal completed subject to meeting certain conditions that include execution of definitive agreement and completion of due diligence. 

cDistro CEO Ron Russo said, “This acquisition is highly synergistic and intended to amplify cDistro’s national distribution. We believe that with MCOA’s operational support, cDistro has the opportunity to become a dominant distributor of products infused with CBD and hemp in the North American market. In its relatively short period of incubation, cDistro has built strong and actionable relationships with quality wholesalers, retailers, and dispensaries, and the cDistro team looks forward expanding our business exponentially with the backing of MCOA and our mutual goal of bringing innovative hemp products to consumers.”

cDistro signs agreement with Silo Wellness 

cDistro recently signed an agreement with Silo Wellness Inc. to distribute Marley One, a functional mushroom brand. Silo Wellness is a top psychedelics company. It chose cDistro as the first distributor to launch Marley One. the initial product offering will include functional mushroom tinctures such as cordyceps, Chaga, reishi, turkey tail, and lions mane species.

Russo said, “We believe it is important to be a leader in providing access to newer product categories, and we are honored to distribute and provide access to Marley One, the first global functional mushroom brand, in collaboration with the Bob Marley Family.”

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Decibel Cannabis Company Inc (OTCMKTS: DBCCF) Announces Strategic Partnership To Bring A Leading Premium Cannabis Brand ‘Dabstract’ To Canadian Marketplace

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Decibel Cannabis Company Inc (OTCMKTS: DBCCF) recently announced a strategic partnership with Union Cannabis Group, which will help expand the company’s brand portfolio with the addition of a premium vape and concentrate brand ‘Dabstract.’ It will also entitle Decibel to access intellectual property and product formulations for the manufacturing of vapes and concentrates. In addition, it allows the company exclusive right to produce these product formulations for its existing brands and produce and distribute Union Cannabis’ premium products under the Dabstract brand. 

Management commentary

Paul Wilson, Chief Executive Officer of Decibel, reinforced that the company is committed to raising the standard for product innovation and quality in the hemp/cannabis industry. This partnership with Union Cannabis will bolster Decibel’s product development pipeline in the high growth categories of concentrate and vape products. In addition, it will strengthen the brand portfolio with the addition of premium U.S. cannabis brand ‘Dabstract’ to the Canadian marketplace. 

Sushanta Parikh, Chief Executive Officer of Union Cannabis, expressed that Decibel reinforces a commitment to product innovation, authentic craft cannabis, and building reputed brands in the cannabis industry. Union Cannabis is proud to partner with the company. It helps them grow vape and concentrate products in Canada by sharing their manufacturing expertise and a leading ‘Dabstract’ brand.

Operational focus and product portfolio

Decibel is committed to bringing the highest quality cannabis products through uncompromised processes and craftsmanship across its three production houses. The company also operates in a retail segment through its wholly-owned subsidiary, Prairie Records. The company operates through 121,000 sq ft of outdoor and indoor cultivation and extraction and product development facilities across Qwest Estate in Creston, BC; Battleford, SK; and Calgary, AB. Thunderchild Cultivation in Battleford is the company’s largest licensed and operating facility with 80,000 sq ft for indoor cultivation. Decibel’s 26,000 sq ft licensed cultivation space in Creston produces rare cultivar-focused brands marketed in six provinces across Canada. Its brand portfolio includes Qwest, Qwest Reserve, and Blendcraft, offering products into innovative formulations like edibles, vapes, concentrates, and beyond.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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MassRoots Inc. (OTCMKTS: MSRT) Enters Letter Of Intent To Purchase Empire Services Inc

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MassRoots Inc. (OTCMKTS: MSRT) has reported that Empire Services Inc. recently signed an agreement for the acquisition of an additional metal recycling plant in Virginia. The acquisition is the first of several metal recycling plants that Empire is looking to roll up in weeks to come as it expands its footprint. 

MassRoots to acquire Empire Services 

Recently MassRoots signed a Letter of Intent to purchase Empire, which will generate considerable positive cash flows from operations and revenue. Once the transaction closes, MassRoots Inc. (OTCMKTS: MSRT) will apply for uplisting to the Nasdaq exchange in NYSE American Market. 

MassRoots Inc. (OTCMKTS: MSRT) chairman Danny Meeks said, “We believe that the roll-up of independent, profitable metal recycling facilities will not only grow Empire’s revenues but could lead to greater profit margins through economies of scale. We’ve been operating metal recycling facilities since 2002 and our playbook has thrived through nearly every economic climate and a global pandemic. Our expansion, including the planned acquisition of this additional facility, has historically been funded primarily by our operating cashflows.”

MassRoots to capitalize on rising metal prices 

With the acquisition of Empire, MassRoots Inc. (OTCMKTS: MSRT) will realize high-profit margins and substantial revenue growth due to the inflationary pressures and rising metal prices. In the coming weeks, Meeks plans to roll up independent metal recycling plants to expand Empire’s footprint. 

CEO Isaac Dietrich said, “We have implemented several technology solutions that have already increased metal volumes and operating efficiencies at Empire’s existing facilities. These include a cloud-based ERP system, a corporate website with live metal prices, and in the very near future, an instant online quoting system for people looking to sell their junk cars. The planned closing of the Empire acquisition is proceeding on schedule and I believe will be transformative for the more than 30,000 loyal and supportive MassRoots shareholders.”

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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Village Farms International Inc. (NASDAQ: VFF) Expands Cultivation Space, Reliq Health Technologies Inc. (OTCMKTS: RQHTF) & Radient Technologies Inc. (OTCMKTS: RDDTF) Enter Deals

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Village Farms International Inc.’s (NASDAQ: VFF) subsidiary Pure Sunfarms has received an amendment of its cannabis cultivation license from Health Canada for its 1.1 million sq. ft. Delta 2 facility. 

Pure Sunfarms expands cultivation space

With the amendment, Pure Sunfarms can immediately start growing cannabis in the part of the Delta 2 facility where conversion to cannabis growing has been completed. According to the terms of the Licence Amendment, Pure Sunfarms can commence cannabis cultivation on the other half of the Delta 2 facility once conversion for cannabis growing is complete. The amendment will increase Pure Sunfarm’s total growing capacity to 1.65 million sq. ft. located in Delta, British Columbia. 

Reliq Health Technologies signs three new contracts 

Virtual Care solutions company Reliq Health Technologies Inc. (OTCMKTS: RQHTF) has announced the signing of three new deals with home agencies in Texas for the provision of the iUGO Care Platform to chronic disease patients. 

Dr. Lisa Crossley, Reliq Health Technologies Inc. (OTCMKTS: RQHTF) CEO, said, “Home health agencies in Texas were hit particularly hard by the global pandemic, so it is extremely encouraging to see this segment of the market getting back to normal operations. All three of these new clients will go live this month. Onboarding with all clients is continuing to accelerate every week in keeping with the Company’s guidance for the second half of calendar year 2021.”

Radient Technologies to acquire 100% interest in TRX

Radient Technologies Inc. (OTCMKTS: RDDTF) has signed a binding letter of intent with Tunaaaa Room Inc., which proposes purchasing 100% outstanding and issued Tunaaaa Room Xtracts Inc. (TRX). TRX is a subsidiary of Tunaaaa Room created intending to enter a licensing agreement with Radient Technologies Inc. (OTCMKTS: RDDTF), first announced in December last year.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *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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