- Maple Leaf Green World (MGW) has signed a letter of intent to acquire CBD Fusions LLC, a California-based CBD producer
- Maple Leaf Green World will acquire all the assets of CBD Fusions, including its brands, sale contracts, inventory, patents and pending patents, trade secrets, and social media handles
- Maple Leaf Green World is a public Canadian company focused on the hemp industry in North America
- Maple Leaf Green World (MGW) remains steady, trading at $0.055 per share
Maple Leaf Green World (MGW) has signed a letter of intent to acquire CBD Fusions LLC, a California-based CBD producer.
CBD Fusions provides unique, high-quality CBD-infused products that fit every kind of lifestyle.
Its brands include Ink Cured, a line of CBD-infused care products specially formulated for tattoo aftercare, and its namesake CBD Fusion, which encompasses a variety of CBD-infused products from hand sanitizer to moisturizer.
According to the letter of intent, Maple Leaf Green World will acquire all the assets of CBD Fusions, including its brands, sale contracts, inventory, patents and pending patents, trade secrets, and social media handles.
The acquisition provides Maple Leaf with an opportunity to expand its product line by adding premium brands of CBD-infused personal care products.
“We are excited to acquire CBD Fusions,” commented Raymond Lai, president and CEO of Maple Leaf. “This will accelerate our entry into the personal care space with our high quality CBG.”
“The combination of our premium smokable hemp products, Phoenix Crave, and CBD infused care products will establish a solid foundation and drive us forward for future growth,” he added.
The principal owner of CBD Fusions will stay on with the company as an advisor and assist Maple Leaf as it expands its product offering.
A definitive agreement following the letter of intent is expected to be completed within 90 days.
Maple Leaf Green World is a public Canadian company focused on the hemp industry in North America.
The company has over a decade of greenhouse management experience and currently operates a hemp project in Southern California.
Maple Leaf Green World (MGW) remains steady, trading at $0.055 per share as of 11:24 am ET.
