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Home 🌿 Medical Cannabis News 🌿 Bud Genius Announces LOI to Acquire Evergreen Licensing – an Exclusive Licensor of Tommy Chong Products 🌿

Bud Genius Announces LOI to Acquire Evergreen Licensing – an Exclusive Licensor of Tommy Chong Products

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Submitted by Marijuana News on Wed, 04/01/2015 - 08:00

Company controls licensing rights in the nation’s largest cannabis market, with $1.3 billion in yearly sales

LOS ANGELES--(BUSINESS WIRE)--

 

Bud Genius, Inc. (www.bgmedtech.com) (OTC: RIGH), a leading laboratory for cannabis testing and profiling, developer of data-driven rating systems for marijuana strains, brand and retail development specialist, and licensee of celebrity-endorsed marijuana and hemp related merchandise, announced today they have signed a Letter of Intent to acquire Evergreen Licensing – exclusive licensor of Tommy Chong marijuana, hemp, and cannabis-related products.

Under the terms of the agreement, Bud Genius will manage licensing and distribution of Tommy Chong brand cannabis products in California, as well as provide a variety of revenue-generating services, including:

  • Bud Genius Labs will ensure Tommy Chong cannabis products meet stringent standards and maintain consistently high quality, serving as the quality control gateway for authorized cannabis products.
  • Bud Genius will provide authorized cannabis
    • ...
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California
United States

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URL: 
http://finance.yahoo.com/news/bud-genius-announces-loi-acquire-123700026.html

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