Vertically integrated cannabis company Acreage Holdings, Inc. (CSE:ACRG) (OTC: ACRGF) and Medterra CBD, LLC are joining forces to develop a CBD-based collection of products.
The move follows the recent sale of Acreage's Florida operations to Red White & Bloom Brands, Inc. (CSE:RWB) (OTCQX: RWBYF) for $60 million.
The JV Deal: Under the joint venture between Acreage and Medterra, Five Farms CBD, LLC., Medterra's subsidiary – opted to develop CBD products under Acreage's brand, The Botanist.
Acreage agreed to license The Botanist brand to Five Farms, which will produce as well as market and sell CBD products under The Botanist brand via Medterra's e-commerce platform.
What It Means For Acreage: The partnership between …
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