INDVR Brands Inc. Announces Asset Purchase Agreement with Strainz, Inc. and Bronnor, Corp., to Become a Fully Licensed Manufacturer and Distributor of Infused Products in Colorado – Yahoo Finance

Vancouver, British Columbia and Denver, Colorado–(Newsfile Corp. – March 4, 2021) – INDVR BRANDS INC. (CSE: IDVR) (the “Company” or “INDVR Brands” or “INDVR“), a premier cannabis brand consolidator and producer of Cannabis infused products is pleased to announce the following:

Definitive Asset Purchase Agreement with Strainz, Inc. and Bronnor, Corp.

INDVR Brands, and its wholly owned Colorado based subsidiary, INDVR Brands U.S., Inc., are pleased to announce that they have entered into a definitive Asset Purchase Agreement (“APA“) with Nevada based Strainz, Inc. and Colorado based Bronnor, Corp. (collectively the “Vendor”) to acquire “substantially all” of the assets of these two companies. Subject to the completion of certain asset schedules and all required approvals from regulators, the transaction is expected to close on a date mutually agreed by the parties.

In accordance with the terms of the APA, the assets to be acquired by INDVR include, but are not limited to, the acquisition of:

A state of the art, fully licensed, 25,000 sq. ft. cannabis processing and manufacturing facility in Denver capable of producing edibles, tinctures, vapes, concentrates, soft gels and a myriad of other infused cannabinoid products.

Three existing high-profile THC and CBD brands: Strainz (consisting of THC-CBD ratio tinctures in the regulated THC marketplace and full spectrum and Iso spectrum CBD soft gels, tinctures, and pet tinctures in the HEMP marketplace); 7sacred edibles and Bullet Concentrates.

Access to a distribution platform of over 500+ dispensaries in Colorado and Nevada.

“This is a milestone relationship for us,” said INDVR CEO, Joshua Mann. “In addition to a highly sought-after Colorado processing license, the Strainz™, Bullet Concentrates™ and 7Sacred™ brands significantly expand INDVR’s award winning portfolio of adult-use cannabis products and add HEMP derived products to the portfolio. The agreement also exemplifies our

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