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Indus Holdings Adds Humble Flower Products to Portfolio of Cannabis Brands
Wednesday 15 May 2019

15 May 2019 - California, US-based cannabis company Indus Holdings, Inc. (CSE: INDS) has acquired the assets and global rights and business of California-based Humble Flower Co., a provider of cannabis-infused lotions and oils, the company said.
Under the terms of this non-material transaction, Indus will pay an undisclosed amount of cash consideration.
The deal expands Indus' portfolio of cannabis brands and allows Humble Flower Co. to expand its base throughout the state, giving consumers greater access to its line of cannabis-infused lotions and oils.
The acquisition also marks Indus Holdings, Inc.'s newest foray into cannabis-infused topical creams and oils.
Humble Flower Co. joins a growing lineup of licensed and original brands, including Original Pot Co., Dixie Elixirs and Edibles, MOON, and Orchid Essentials.
Indus Holdings, Inc. is a vertically integrated cannabis company with production capabilities, including cultivation, extraction, manufacturing, brand sales and marketing, and distribution.
Humble Flower Co. is a women-owned and operated company that provides a line of hemp-based CBD and cannabis-infused topical products.
Date Published: 15/05/2019
Target: Humble Flower Co
Country: USA
Sector: Consumer Products
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: Indus Holdings
Terms of the deal were not disclosed