Pure Midwest

CBD News Aggregator

Thoughtful Brands Enters Binding Term Sheet to Acquire American CBD Extraction Corp.

CBD News Aggregator – Upon completion of the Proposed Acquisition, the Company will acquire an abundance of hemp biomass along with a fully equipped 41,000 square foot facility with the ability to process more than 1,200 pounds of hemp per day once licensed. Upon completion, Thoughtful Brands would also be able to utilize American CBD’s technological and scientific expertise to enhance the formulations of the Company’s various direct-to-consumer CBD brands, which include Nature’s Exclusive, Sativida and the recently acquired Golden Path and Wild Mariposa. Additionally, the Company plans to sell American CBD’s hemp biomass to support operations in Europe and to other clients worldwide.

https://www.streetinsider.com/Accesswire/Thoughtful+Brands+Enters+Binding+Term+Sheet+to+Acquire+American+CBD+Extraction+Corp./17376202.html

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