SEATTLE, WA / Marketwired / Jan 19, 2017
CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing Abattis Bioceuticals Corp. ( OTC PINK : ATTBF ) ( CNSX : ATT ), a specialty agricultural technology firm focused on the legal cannabis industry. The company recently commissioned an independent valuation on Green Nature Health Care Products Inc. in advance of a potential strategic acquisition. The move would follow the company’s international licensing and co-branding agreement signed in November of last year and Green Nature’s strong financial performance since then.
Green Nature provides dried fruit products to over 400 customers throughout China, including 388 Wal-Mart stores, five Shanghai Duty Free stores, and 20 Yangzhou Pharmacies. Since 2012, the company has expanded its footprint with customs clearance through six Chinese cities including Shanghai, Nantong, Qingdao, Tianjin, Guangzhou, and Hong Kong. The company’s products can also be found in TNT Markets and 50 other stores throughout Canada.
The initial agreement between Abattis Bioceuticals and Green Nature provides Abattis with the right to acquire Green Nature through a common stock transaction if it is deemed accretive by the Board of Directors. With the independent valuation in progress, Abattis is positioning itself to potentially execute a strategic acquisition that could add top-line revenue and bottom-line profitability while opening valuable distribution channels into China’s economy.
An Abattis subsidiary, Vergence Sales and Marketing Group, already conducts business that dovetails nicely with Abattis Bioceuticals’ potential acquisition of Green Nature. With its extensive distribution throughout China, the acquisition could help the company significant expand its revenue as it launches proprietary functional food products.
One more thing to consider is the potential for these distribution lines to benefit another of Abattis’ businesses, Northern Vine Labs. Northern Vine is an analytical and testing lab certified to handle controlled substances by Health Canada. As the company develops, the plan is to go beyond cannabis testing services and develop cannabis-based bioceuticals that would fit naturally into the markets developed by Vergence and Green Nature.
Please follow the link to read the full article: http://www.cannabisfn.com/abattis-explores-diversifying-with-a-strategic-acquisition
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About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
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