Mr. Marcos Agramont reports
ISODIOL INTERNATIONAL ANNOUNCES CLOSING OF 100% OF A CANNABIS-INFUSED BEVERAGE COMPANY, POT-O-COFFEE
Isodiol International Inc. has completed the transaction of a definitive agreement to acquire the assets of a cannabis-based beverage company including the predominant brands Pot-O-Coffee, Pot-O-Tea and Pot-O-Coco. This line of cannabis-infused single-serve coffee, tea and cocoa drinks aligns perfectly with the ever-expanding product offerings of the company and positions it well within the explosive cannabis beverage market.
The Pot-O-Coffee product line consists of two variants for cannabis infusion: one infused with cannabis-plant-extracted tetrahydrocannabinol (THC) oil, while the other is infused with non-psychotropic cannabidiol (CBD) derived from agricultural-based hemp oil.
"This is another very exciting step in our ongoing efforts to add significant value to our portfolio of premium cannabis brands," said Isodiol International chief executive officer Marcos Agramont. "These on-trend brands extend our international consumer base across a wide channel of both traditional and non-traditional retail businesses, creating great value for our shareholders into the ever-expanding cannabis market space."
Cass Riese, Pot-O-Coffee's founder and chief executive officer, said: "What started as a simple passion for a premium infused cannabis beverage has grown into a line of amazing products that are beginning to be recognized across the U.S. and now internationally. This is an incredibly exciting time for all of us involved," said Mr. Riese. "The Isodiol International company values our brand beliefs and is committed to continuing to use the highest-quality ingredients and superior craft methods that deliver the creativity and flavor our consumers and fans love today."
Under the terms of the agreement, the company will issue a total of 20,937,500 common shares at a deemed price of 12 cents per share and a one-time cash payment of $250,000 due upon the definitive agreement.
About Isodiol International Inc.
Isodiol International is the market leader in pharmaceutical-grade cannabis compounds and the industry leader in manufacturing and development of consumer products.
Isodiol's nutraceutical division is the pioneer of many firsts for hemp-derived cannabidiol (CBD), including 99-per-cent-pure crystalline isolate, microencapsulation and nanotechnology for the highest-quality consumable and topical skin care products.
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