Canadian Cannabis Firm THC BioMed Acquires US Plant Packaging Provider Clone Shipper.
9 May 2017 - Canadian medical cannabis company THC BioMed Intl Ltd. (CSE: THC) (OTC: TFHC.F) has purchased US-based cannabis plant packaging products provider Clone Shipper LLC for USD 1m, the company said
THC BioMed will now add the Clone Shipper Business to its existing operations.
Clone Shipper is a US based company, specializing in packaging products for the transportation of live plants.
THC intends to continue building its products in the USA.
Company management believes that Clone Shipper is currently the only device that meets Canadian and Federal International laws governing the transportation of controlled, live plants.
In recognition of stong demand the company has launched a separate product called "THC Clone Shipper" that is specifically designed to meet regulations surrounding the transportation of controlled substance plant.
THC BioMed currently ships the most live Cannabis plants in Canada, and has a selection of strains available.
The company anticipates introducing its Dried marihuana products for sale at USD 420 per gram by 3Q17.
Target: Clone Shipper LLC
Buyer: THC BioMed Intl Ltd
Deal size in USD: 1m
Type: Corporate Acquisition
Buyer advisor: , ,
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|Publication:||M & A Navigator|
|Date:||May 9, 2017|
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