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North Bud to Acquire Nevada Extraction Company for $7 Million

Stockhouse Editorial
0 Comments| June 25, 2019


North Bud Farms Inc. (C.NBUDForum) stated on Tuesday that it intends to acquire Nevada Botanical Science, Inc. for $7 million USD. NBS holds medical and adult use licenses for cultivation extraction and distribution in a 5,000 sq. ft. facility on 3.2 acres of land within the Reno green zone industrial park. It has been approved for expansion of up to 100,000 sq. ft.

For more on this acquisition, click here.

North Bud recently closed the first tranche of its non-brokered private placement for gross proceeds of $1,208,000. The Company intends to use this financing to fund ongoing and existing acquisition efforts in the United States.

 

FULL DISCLOSURE: North Bud Farms Inc. is a client of Stockhouse Publishing.




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