11:21 AM EST - The Yield Growth Corp. : Announced it has completed the acquisition of eight wellness beverage formulas designed to be infused with CBD and THC and one capsule product intended to treat hangovers. The formulas have been developed to offer various health benefits, including an energy boost, hangover treatment, brain function boost, anxiety reduction, improved immunity, toxin removal and reduced inflammation. The formulations were developed in India and are based on Ayurvedic medicine using botanicals, fruit extracts and spices. Yield Growth issued 200,000 shares and 200,000 warrants to purchase shares at $0.60 per share for the acquisition, and is obligated to pay net revenues from sales of 2%. “We are excited to move forward with the development of our CBD and THC infused beverages as these products are expected to be fully legal in Canada within the year,” says Penny Green, Yield Growth President and CEO, “We are now in discussions with several licensed cannabis processors in Canada to manufacture our cannabis products and we are also in talks with hemp farmers and licensed cannabis producers to source CBD and THC for our products.” The Yield Growth Corp.
shares BOSS:CNX are trading up 1.37 percent at $0.74.
