Finore Mining Inc. (CSE: FIN, OTCQB: FNREF, Forum) announced today that it has signed a letter of agreement with Kushtown USA, LLC to acquire all of the issued and outstanding securities of Kushtown. Kushtown LLC is a California based leading liquid edibles company that specializes in cannabis infused medicated water, sodas, hot sauces and barbecue sauces.
Since 2000, Kushtown has been one of the leaders in the marijuana beverages and edible products in California, with sales to over 200 medicinal marijuana dispensaries. Kushtown holds trademark rights to the Kushtown line of products, and management plans to leverage the established Kushtown brand name.
The announcement is of particular significance with California Proposition 64, the California Marijuana Legalization Initiative on the November 8th ballot. Currently in the U.S., four states (and the District of Columbia) already allow the use of recreational marijuana. Five more states have pending ballots for the legalization of recreational use. Further information can be found here.
Finore Mining was recently in the news when the Company announced the signing of a letter of intent with Nickel One Resources Inc to acquire all of the issued and outstanding share of Nortec Minerals Oy, a wholly-owned subsidiary of Finore.
The Company has 35 million shares outstanding and a market cap of $12 million.
FULL DISCLOSURE: Finore Mining Inc. is a paid client of Stockhouse Publishing.