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Tag Archives: California Cannabis

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CROP’s Tenant Hempire Acquires Interest in California Cannabis Distribution & Packaging Company with On Site Extraction

CROP’s Tenant Hempire Acquires Interest in California Cannabis Distribution & Packaging Company with On Site Extraction
March 22, 2019 (GLOBE NEWSWIRE) -- CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today that its Humboldt Holdings Tenant Hempire has acquired a 25% interest in a licensed distribution company, with on site non-volatile commercial cannabis manufacturing in California in return for purchasing additional required extraction equipment for the facility. As with all CROP tenant licencees the company’s subsidiary, in this case Humboldt Holdings, will have the right to acquire the licence interest should federal law change in favour of cannabis-THC.
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MCIG INC. Receives California Cannabis Distribution License

MCIG INC. Receives California Cannabis Distribution License
mCig Inc., (MCIG), a diversified company servicing the legal cannabis markets, is pleased to announce that it has officially received its California Type-11 Distribution Temporary license from the State of California. Cal Acres Inc., a California company with majority ownership by MCIG, has officially received their license from the Bureau of Cannabis Control, which allows them to purchase, repackage, transport, and sell cannabis products.
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Gabriella’s Kitchen Secures Foothold in California Cannabis Market with Acquisition of The Oil Plant and Associated Cannabis Licences

Gabriella’s Kitchen Secures Foothold in California Cannabis Market with Acquisition of The Oil Plant and Associated Cannabis Licences
Sept. 13, 2018 /CNW/ - Gabriella's Kitchen Inc. ("GK" or the "Company") (CSE : GABY), a market-leading cannabis wellness company, is pleased to announce that it has entered into a definitive agreement to acquire The Oil Plant, Inc. ("TOP") and its associated cannabis licenses (the "Transaction"). Also included in the Transaction is TOP's line of health and wellness products which includes a line of topicals, tinctures, and concentrates all marketed under the Aunt Zelda's™ brand. The Transaction, expected to close on October 1st, is structured such that TOP shareholders will receive GK shares as consideration for their holdings on an earn-out basis. Based on TOP's current management forecasts and projections for 2019, TOP is expected to generate over US$10 million in revenue next year. If TOP meets or exceeds this revenue target GK will issue TOP's shareholders US$2.1 million in common shares of GK at the prevailing market price, calculated quarterly on revenue realized in that quarter. If TOP fails to meet these revenue targets consideration is adjusted accordingly. After incorporating the impact of the Transaction, GK is pleased to increase its revenue guidance for 2019 to CN$35 million.
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