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LANGLEY, BC / ACCESSWIRE / December 23, 2020 / Adastra Labs Holdings Ltd. (CSE:XTRX)(FRANKFURT:D2EP) ( Adastra ) a Health Canada Licensed cannabis processing and analytical testing services Company, is pleased to announce the signing of a term sheet for the acquisition of Phyto Extractions Brands ( Phyto Extractions ) and permitting of its hydrocarbon extraction expansion.
Further to its news release on October 7, 2020, Adastra has signed a term sheet with a BC-based company for the acquisition of the Phyto Extractions set of cannabis concentrates brands. The term sheet is non-binding and negotiation is currently underway for a definitive agreement for the acquisition of all of the assets of the private company.
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