SLANG Worldwide (CNSX:SLNG) announced that it has entered into an acquisition agreement to acquire Cultivate Brands.
As quoted in the press release:
Cultivate is a privately-owned company with a portfolio of brands and other intellectual property which are complementary to SLANG’s portfolio. Its assets include extraction equipment and other machinery which SLANG intends to use within its network, cash of approximately CAD $4.5 million, and a strategic investment in a company within the supply chain. Cultivate is not currently consuming any cash in its operations.