Pyramidion Technology Group, Inc, today announced the execution of a binding letter of intent to acquire NxGen Brands, LLC its web-portal http://www.LeafyWell.com of Denver, Colorado, one of the area’s most well-known and successful CBD Marketing Groups. Pursuant to the letter of Intent, PYTG will be acquiring NxGen operations, brands, and marketplace.
NxGen Brands, LLC; proudly boasts the best strains, products, and services available throughout the state of Colorado, from plant to edibles, vapes and more. “NxGen is a leader in the Alternative Medicine and Natural Nutraceutical Products offering proprietary brands such as those available through http://www.LeafyWell.com.
Cannabis is considered to be the largest cash crop in the United States, enjoying a growth rate of 77% over the last few years and continued future estimated growth rate to 700% by 2020 The Cannabis industry, present and future, has been said to be potentially more lucrative than corn, cotton, and wheat. In fact, according to UN data, the cannabis industry is around an estimated $142 billion. To put that in perspective, the global coffee market – one of the most valuable commodities on the planet – is valued at around $80 billion per year.
The bottom line is that Cannabis is now a viable industry that’s making investors an absolute fortune.
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The letter of intent from PYTG to acquire NxGen operations is just a Binding Contract and the proposed acquisition is subject only to finalize the execution of a definitive purchase agreement. In addition, the proposed acquisition would be subject to regulatory approvals and is expected to close on or before September 30th, 2018.
Date: November 26, 2018
Source: Cision