VANCOUVER and DENVER , May 26, 2019 /CNW/ – Cannabis One Holdings Inc. (CBIS.CN) (“Cannabis One”, “CBIS”, or the “Company”), at the request of IIROC, wishes to confirm that it is not aware of any corporate development, news or undisclosed material change to the Company or its operations that would account for the recent volatility in the stock market activity.
In addition, the Company is pleased to provide an update on its previously announced significant achievements since the completion of its reverse takeover transaction in February 2019 :
On March 6, 2019 , the Company signed a three-year, multi-state territorial licensing and royalty agreement for the exclusive rights to produce, market, and distribute a variety of specific cannabis products under the Cheech’s Private Stash (“CPS”) brand. CPS is represented by GLE Brands Inc. and film star Cheech Marin , of the legendary comedy duo, Cheech and ChongTM. The partnership allowed Cannabis One to continue the expansion of its product catalogue and consumer reach across U.S.-State legal markets.
On March 13, 2019 , the Company announced its intention to enter the California cannabis market pursuant to the execution of a letter of intent to acquire majority ownership in a California license holder, “420 Express Delivery Inc.”, which operates, “Green Leaf Wellness”, a dispensary located in the Coachella Valley of California , from Liht Cannabis Corp.
On April 16, 2019 , the Company completed the acquisition of certain assets of Colorado -based JBC Enterprises LLC, which operates the premium, branded cannabis cultivation facility “Fat Face Farms”, located in Denver, Colorado , that is a perennial favourite amongst consumers and was the only entrant in the 2018 Colorado Grow Off, out of fifty competitors, to place among the Top 10 in each ranked category: terpene profile, potency, and yield.
On April 22, 2019 , the Company
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