THC Farmaceuticals, Inc. and Rubin's Dental Anxiety Pills entered into a binding agreement to acquire an unknown majority stake in GK Manufacturing and Packaging, Inc. from Cannabis Sativa, Inc..
May 04, 2021
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THC Farmaceuticals, Inc. (OTCPK:CBDG) and Rubin's Dental Anxiety Pills entered into a binding agreement to acquire an unknown majority stake in GK Manufacturing and Packaging, Inc. from Cannabis Sativa, Inc. (OTCPK:CBDS) on May 4, 2021. Consideration for the sale of the majority interests will consist of 1,500,000 shares of CBDG preferred stock and 1,500,000 shares of CBDG common stock. The Acquisition includes multiple brands such as the well-established Ganja Juice brand and Murray & Rocco's CBD infused pet line.
THC Farmaceuticals, Inc. is a clinical-stage biotechnology company. The Company specializes in the discovery, development, and commercialization of novel cannabinoid-based products in dental, ophthalmology and other medical disciplines. It offers the combination of its proprietary developments with its clinicians and scientists to unlock the therapeutic properties of cannabis and its bioactive compounds. The Company owns clinical research center and cannabidiol (CBD) manufacturing facility in California. Its business plan includes conducting cannabinoids research and development in collaboration with cannabis research centers worldwide with the goal of developing novel and advanced therapeutic methods for the treatment of common medical conditions with cannabis-based therapies and to conduct pre-clinical investigations and randomized, placebo-controlled trials of CBD-based compounds and develop condition-specific medications. It offers a network of micro vending kiosk systems.
THC Farmaceuticals, Inc. and Rubin's Dental Anxiety Pills entered into a binding agreement to acquire an unknown majority stake in GK Manufacturing and Packaging, Inc. from Cannabis Sativa, Inc..