Company to Enter New Business Vertical Supplying Gas to Cannabis Extractors
Kush Bottles, Inc. (KSHB), a leading provider of packaging, supplies, vaporizers, accessories and branding solutions for the regulated cannabis industry, today announced it has entered into a merger agreement to acquire Summit Innovations, LLC ("Summit Innovations"), a leading distributor of hydrocarbons to the legal cannabis industry based in Denver, Colorado. Hydrocarbon gases are used to turn cannabis plants into oils, and this acquisition marks Kush Bottles' entry into a new business vertical supplying gas to cannabis extractors. The transaction is expected to close by May 1, 2018, subject to confirmatory due diligence and certain closing conditions, including (among others) approval of the transaction by the equity holders of Summit Innovations. For the full announcement, please click here.