Cannabis brand house TREC Brands revealed Tuesday that it has entered into a definitive agreement to buy Agripharm Corp., a licensed producer of consumer cannabis products. Agripharm has a provincial supply agreement by which it covers 75% of the Canadian market. The purchase price was not disclosed.
The transaction is expected to close as early as January, pending required regulatory approvals and other customary closing conditions.
Diversifying Product Portfolio
Via this purchase, TREC will diversify and increase its portfolio of products to more than its current 50 SKUS, including popular U.S. brands. The union of TREC and Agripham is expected to accelerate TREC's …