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Medterra CBD, LLC are joining forces to develop a CBD-based collection of products.
The move follows the recent sale of Acreage s Florida operations to
Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX:RWBYF) for $60 million.
The JV Deal: Under the joint venture between Acreage and Medterra,
Five Farms CBD, LLC
., Medterra s subsidiary – opted to develop CBD products under Acreage s brand, The Botanist.
Acreage agreed to license The Botanist brand to Five Farms, which will produce as well as market and sell CBD products under The Botanist brand via Medterra s e-commerce platform.
What It Means For Acreage: The partnership between Acreage s subsidiary
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