Finore Mining Announces Letter Agreement for Acquisition of Kushtown USA LLC, a Leading California Marijuana Beverage Company
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 28, 2016) – Finore Mining Inc. (“Finore” or the “Company“) (CSE:FIN) (CSE:FIN.CN) (OTC PINK:FNREF) is pleased to announce that it has signed a letter agreement dated October 27, 2016 (the “Assignment Agreement“) with an arm’s length private British Columbia company (the “Assignor“), pursuant to which the Assignor has assigned to the Company the rights and obligations of a letter agreement dated October 25, 2016 (the “Letter Agreement“) between the Assignor and Kushtown USA, LLC (“Kushtown“) a private California limited liability company. Pursuant to the terms of the Letter Agreement, the Company will acquire all of the issued and outstanding securities of Kushtown (the “Transaction“).
About Kushtown USA (www.kushtownusa.com)
Kushtown USA LLC is a California based leading liquid edibles company that specializes in cannabis infused medicated water, sodas, hot sauces and barbecue sauces. Since 2000, Kushtown has been one of the leaders in marijuana beverages and edible products in California, with sales to over 200 medical marijuana dispensaries.
Kushtown currently markets and distributes:
Kushtown Hot Sauce
Kushtown BBQ sauce
Kushtown holds trademark rights to the Kushtown line of products, and management plans to leverage the established Kushtown brand name in California and aims to expand the Kushtown brand into the recreational cannabis market across North America, pending the November 8, 2016 vote in California and other States to legalize recreational marijuana.
Read the full press release.