Hollister Biosciences Buys Venom Extracts In ‘Highly Accretive’ Deal

Cannabis company Hollister Biosciences Inc. (CSE: HOLL) (OTC: HSTRFsaid Monday it has closed on the previously announced purchase of an Arizona-based cannabis extract brand, Venom Extracts.

Last year, Venom Brands disclosed revenue of CA$16.4 million ($11.58 million), reaching positive EBITDA of over CA$2.4 million from its line of cannabis concentrates and cartridges, according to the press release. The company is projecting record first-quarter revenue. 

The all-stock purchase price …

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