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Home 🌿 Marijuana Business News 🌿 Denver's General Cannabis to acquire pot T-shirt firm Chiefton Supply 🌿Denver's General Cannabis to acquire pot T-shirt firm Chiefton Supply
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General Cannabis Corp., a Denver-based provider of services and real estate to cannabis businesses, is stepping into the apparel industry by acquiring local marijuana T-shirt market Chiefton Supply, the companies announced Tuesday.
General Cannabis (OTCQB: CANN) inked a letter of intent to buy the privately held Chiefton Supply Co. in a deal expected to close this month, officials said. Financial terms were not immediately disclosed.
Chiefton Supply, a start-up clothing company producing marijuana-themed street wear apparel, has the potential for national exposure and would be integrated with GC Supply, General Cannabis' wholesale supply operation, officials for General Cannabis said in the acquisition announcement.
Under the terms of the acquisition, Chiefton Supply will become a wholly owned subsidiary of General Cannabis and company founders Jacob Kulchin and Bryan DeHaven will be brand ambassadors.
"We are confident that together, with Jacob and Bryan, we can take an...
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