top of page
  • RSS - White Circle
  • KahliBuds Pintres
  • KahliBudsTea Facebook
  • White Twitter Icon
  • KahliBuds Instagram
  • White YouTube Icon
  • Spotify - White Circle
Search

Cannabis firm Indus acquires multistate concentrate, vaporizer brand for $20M



CA cannabis firm Indus acquires multistate concentrate, vaporizer brand for $20M

Published 1 min ago


California marijuana supplier Indus Holdings expanded its operations to Nevada and Oregon by signing an agreement to acquire the assets of W The Brand, a manufacturer and distributor of marijuana concentrates, cartridges and disposable pens, for $20 million in stock and cash.


Here’s what you need to know:

  1. Salinas-based Indus will gain a 24,000-square-foot cultivation and processing facility near the Las Vegas Strip with the option to expand the operation to a total of nearly 76,000 square feet, according to a news release.

  2. The Oregon manufacturing facility that Indus is acquiring is 6,000 square feet, including a warehouse, office and lab. It’s located near downtown Portland.

  3. The transaction is expected to become final at the end of 2019.

  4. Indus closed a Series B funding round of $46 million in 2018.

Bart Schaneman, BruceDayne, KahliBuds, 420GrowLife

Comments

bottom of page