NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC
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Posted On: 01/02/2019 5:01:15 PM
NetworkNewsBreaks – Sunniva Inc. (CSE: SNN) (OTC: SNNVF) Announces Acquisition of LTYR Logistics, LLC
Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) on Monday announced the closing of its 100% acquisition of LTYR Logistics, LLC (“LTYR”), a California-based cannabis distribution company. Per the update, with its proven ability to execute growth and cannabis space distribution capabilities, LYTR will play an instrumental role in driving Sunniva’s leadership position in California as vertically integrated across the entire value chain, from seed to sale, with the launch of its Sunniva branded product line in Q1 of 2019. “We are pleased to have completed this transaction and we are looking forward to 2019 when the full impact of adding compliant distribution to our portfolio will be realized,” Sunniva CEO Dr. Anthony Holler stated in the news release. “Since the original announcement six weeks ago, the LTYR management team has been integrated into our operations and have been working closely with our product development and marketing groups to solidify the strategy for our brand launch set for Q1 2019. We have been active in securing large quantities of clean biomass and we continue to manufacture and stockpile inventory for our initial brand launches early in the new year.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Vertically integrated cannabis company Sunniva (CSE: SNN) (OTCQX: SNNVF) on Monday announced the closing of its 100% acquisition of LTYR Logistics, LLC (“LTYR”), a California-based cannabis distribution company. Per the update, with its proven ability to execute growth and cannabis space distribution capabilities, LYTR will play an instrumental role in driving Sunniva’s leadership position in California as vertically integrated across the entire value chain, from seed to sale, with the launch of its Sunniva branded product line in Q1 of 2019. “We are pleased to have completed this transaction and we are looking forward to 2019 when the full impact of adding compliant distribution to our portfolio will be realized,” Sunniva CEO Dr. Anthony Holler stated in the news release. “Since the original announcement six weeks ago, the LTYR management team has been integrated into our operations and have been working closely with our product development and marketing groups to solidify the strategy for our brand launch set for Q1 2019. We have been active in securing large quantities of clean biomass and we continue to manufacture and stockpile inventory for our initial brand launches early in the new year.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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