$NNRX is pleased to announce that it has signed a definitive merger agreement related to the acquisition of DHS Development, Inc. dba The Plant, of Desert Hot Springs, CA. The parties anticipate exchanging closing deliverables to officially close the acquisition in the coming days. The agreement contemplates the purchase of 100% of The Plant's assets, operations and IP. As such, DHS Development, Inc. dba The Plant will be operated as a wholly-owned subsidiary of NutraNomics, Inc., and all applicable CA State licensing and regulatory credentials will remain under DHS Development, Inc. dba The Plant as a California-based company. With this acquisition, NutraNomics and The Plant will combine resources and strive to become an industry leader in the research, development and manufacture of plant-based products to the California market, with large production capabilities designed for efficient, low-cost production and scalability. The combined management team and key personnel combine for more than forty years of experience in cannabis cultivation, extraction, manufacturing, and product innovation.
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