Grow Solutions Goes Public Targeting Cannabis Growers
Ryan Allway
February 20th, 2015
News, Top Story
[stockchart symbol=LTVL]
Grow Solutions Inc. [stockquote symbol=LTVL] announced a reverse merger agreement with LightTouch Vein & Laser to facilitate its entry into the cannabis industry.
Grow Solutions intends to enter into multiple acquisitions in the legal cannabis industry and provide services and materials to growers, processors and dispensaries. These acquisitions will create multiple divisions including management services, retail stores, equipment distribution, financing, products, real estate and licensing, where there are many opportunities for cross-selling between its customer relationships.
“The entire team at Grow Solutions is looking forward to completing the transaction and emerging as a publicly traded company,” said Jeff Beverly, President of Grow Solutions Inc., in a recent press release announcing the transaction. “Additionally, we look forward to executing our business strategy and providing value to our shareholders.”
The company does not plan on growing, processing, or dispensing cannabis in order to comply with federal law. Instead, the it serves state licensed growers and legal cannabis dispensaries. Management will have the ability to supply commercial growers and individual caregivers with commercial grade oil production, high-end processed cannabis, MIP applications, and extraction and blending developments and advances.
Shares of LightTouch Vein & Laser Inc. jumped more than 80% during Friday’s session following the announcement in anticipation of the merger.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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