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Award-winning cannabis brand portfolio Focused on US legal cannabis market growth Experienced management team What INDVR Brands does: INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX), formerly known as Cannabis One Holdings, is a Colorado-based, Canada-listed company focused on the creation and distribution of unique and exciting brands in the legal US cannabis market. Since August 2020, through new corporate objectives set out by the new board and management team, INDVR has become focused on growing its infused product brands and using those brands to expand its distribution reach to over 1,000 dispensaries across Washington, Oregon and Colorado.
12:15pm: The Dow was down 161 points, 0.5%, at 34,233 at midday. The Nasdaq lost 85 points, 0.6%, to 14,088, and the S&P 500 ticked down 11 points, 0.3%, to 4,244.
INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX) announced the appointment of Hugh Hempel as the company's new president and chief operating officer (COO) after completing its previously-announced acquisitions of Nevada-based Strainz Inc and Colorado-based Bronnor, Corp through its wholly-owned INDVR Brands US subsidiary. The acquisitions will provide INDVR with one of the largest GMP-compliant cannabis processing and manufacturing facilities in Colorado, plus four high-profile THC and CBD brands.
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INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX) reported that it has agreed to acquire “substantially all” of the assets of Nevada-based Strainz Inc and Colorado-based Bronnor, Corp, which will allow INDVR to become a fully-licensed manufacturer and distributor of infused products in Colorado. INDVR said the pending acquisition will give it access to a distribution platform of more than 500 dispensaries in Colorado and Nevada, including over 1,200 dispensaries across four states.
INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX) announced a record January for the company's Honu brand in Washington state with more than 262,000 edible units sold. INDVR said its Honu revenue rose 11% year-over-year in January to $216,031, despite COVID-19 related production impacts.
INDVR Brands Inc (CSE:IDVR) (OTCMKTS:CAAOF) (FRA:3YX) said it has formally incorporated its subsidiary in the US state of California and is in late-stage discussions with three independent distributors to begin supplying its Honu edible products to about 400 retail locations throughout the state. The cannabis brand consolidator and edibles retailer said the expansion into California will mark the third state in which the Honu brand is manufactured and distributed after Oregon and Washington.
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