RISE Life Science Corp. (“RISE”) announced it has signed a Letter of Intent (LOI) to acquire 100% of Life Bloom Organics, LLC, a California company that produces and sells organic oral sprays containing CBD, and 100% of Cultivate Kind, one of the top marketing agency. RISE CEO Anton Mattadeen said, “This represents a major milestone for RISE. By blending the values, talents, and resources of the people behind Cultivate Kind and Life Bloom with the RISE team, we are adding significant in-market expertise and providing immediate revenue to the company, moving RISE closer to its goal of becoming a vertically integrated entity in the California market.” Life Bloom Organics formulates, manufactures, and sells a range of cannabis products that deliver effective pain relief without any psycho-activity. officials predict that the acquisition of Life Bloom by RISE will help expand RISE’s portfolio of CBD products, along with allowing access to Life Bloom’s existing channels of distribution and production in the United States.
Hemp Land, Cannabis Hemp Blog, 09/15/2020 08:54:08
Open article: https://hempland.net/rise-life-science-corp-to-acquire-california-cdb-company-life-bloom-organics-and-leading-cannabis-brand-strategy-agency-cultivate-kind/