Creso Announced That its Total Q1 2021 Revenue Was A$1,385,000 – up 237% From Q4 2020
Creso Pharma (ASX: CPH) (OTC:COPHF) (FRA: 1X8) announced the release of its Quarterly Activities Report for the period ended 31 March 2021, together with its Appendix 4C Quarterly Cash Flow Report. “This quarter marked Creso’s evolution into a broader-based pharmaceutical company. Having undertaken a thorough search for quality, complementary acquisition opportunities, the company successfully identified and secured an agreement with psychedelics company, Halucenex, which, if approved by shareholders, will represent a significant milestone for the company, as it looks to commercialize new psychedelic-assisted psychotherapy treatments. Halucenex has made considerable progress during the quarter and provides Creso with access to another lucrative vertical,” said Adam Blumenthal, Creso Pharma Non-Executive Chairman.
Retransmission: Red White & Bloom Closes Acquisition of Florida Operations from Acreage Holdings streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX:RWBYF).
The New York-based company said Wednesday it has closed apreviously announced deal to divest 100% of its Acreage Florida, Inc. subsidiary to RWB.
The Acreage Deal Details: Under the terms of the agreement with Acreage’s subsidiary High Street Capital Partners LLC, RWB opted to purchase all of the issued and outstanding shares of common stock of Acreage Florida Inc. for $60 million.
The price tag includes $5 million in an upfront cash payment, an additional $20 million in cash, $7 million in RWB’s common stock and $28 million in vendor take-back promissory notes.
The deal also includes the sale of Acreage s Sanderson-based facility comprised of more than 15 acres of land with a roughly 11,000-square-foot cultivation area as well as a freestanding administrative office building spanning 4,000 square feet.
Creating brands that represent the entire consumer experience is the key to success, according to three cannabis executives who presented Thursday at the
Benzinga Cannabis Capital Conference on creating reputable brands in the space.
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