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Signature Devices, Inc. (SDVI) Acquires Leading CBD Technology Company, Nano 101
7:00 am ET October 25, 2018 (Globe Newswire) Print
via NEWMEDIAWIRE -- Signature Devices, Inc. (OTC PINK: SDVI) today announced that it has acquired Nano 101, a leading technology company in the CBD and Hemp space in an all stock deal.
The terms of the deal will be disclosed in a full press release. "Both companies were motivated to quickly close the deal to allow for a smooth transition of assets and resources," said Inas Azzam, outgoing CEO and President of Signature Devices. He went on to say, "This deal allows Signature to partner with Nano 101 and expand its technology assets plus take advantage of the growing Cannabidiol industry with Nano 101's unique patch products for CBD and Hemp."
Nano 101 introduced its CBD and Hemp based products into the market in April of 2018 with a tremendous amount of positive feedback and reviews. The products are sold directly to consumers through its website and on Amazon. Nano 101 is at revenue stage having sold its products via ecommerce and retail stores in a short time in business.
CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy -- without getting you high!
Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafes and doctors' offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors -- including, surprisingly, Senate Majority Leader Mitch McConnell -- that could increase 40 times in the next four years.
"For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analyststhe Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022": Rolling Stone Magazine.
Signature Devices will continue to operate Innovo Technology as well and find common technology use cases and integration with Nano 101 as things progress into 2019.
Signature Devices, Inc. (SDVI) Acquires Leading CBD Technology Company, Nano 101
7:00 am ET October 25, 2018 (Globe Newswire) Print
via NEWMEDIAWIRE -- Signature Devices, Inc. (OTC PINK: SDVI) today announced that it has acquired Nano 101, a leading technology company in the CBD and Hemp space in an all stock deal.
The terms of the deal will be disclosed in a full press release. "Both companies were motivated to quickly close the deal to allow for a smooth transition of assets and resources," said Inas Azzam, outgoing CEO and President of Signature Devices. He went on to say, "This deal allows Signature to partner with Nano 101 and expand its technology assets plus take advantage of the growing Cannabidiol industry with Nano 101's unique patch products for CBD and Hemp."
Nano 101 introduced its CBD and Hemp based products into the market in April of 2018 with a tremendous amount of positive feedback and reviews. The products are sold directly to consumers through its website and on Amazon. Nano 101 is at revenue stage having sold its products via ecommerce and retail stores in a short time in business.
CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy -- without getting you high!
Previously, CBD products have been available mostly in head shops, with a few doctors recommending it for various maladies. But in 2017 and 2018, the products spread to natural food stores, beauty aisles, cafes and doctors' offices. So far the industry is on track to hit $591 million in 2018, and thanks to a number of factors -- including, surprisingly, Senate Majority Leader Mitch McConnell -- that could increase 40 times in the next four years.
"For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analyststhe Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022": Rolling Stone Magazine.
Signature Devices will continue to operate Innovo Technology as well and find common technology use cases and integration with Nano 101 as things progress into 2019.
