MedX Holdings Inc. MEDH, a brands and acquisition company, is acquiring Craft Herbs LLC., a wholly-owned subsidiary.
Craft Herbs LLC, established in 2017, has a license to cultivate and process hemp in South Texas, including proprietary products such as fiber, feed, fuel, biomass and CBD.
It currently operates three South Texas-based facilities, located at San Antonio, New Braunfels, and Laredo, along the Mexican border.
“Bringing in Craft Herbs LLC. is one more milestone for us again, as we continue to increase shareholder value, brand awareness, and adding new capabilities and capacities to MedX soon to be Verdosa Holdings, this moves us forward in achieving our long-term operational strategy as a vertically integrated cannabis company from SEED to RETAIL,” Hans Enriquez, the company’s CEO stated. “We intend on building a strong Texas hemp industry by creating the demand and also the supply.“
Price Action
MedX Holdings’ shares traded 10.64% higher at $0.0052 per share at the time of writing, Friday morning.
Photo: Courtesy of GreenForce Staffing on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!