Expanding horizons: Vibe By California’s Strategic Growth in cannabis Distribution and Manufacturing
Introduction to Vibe’s Expansion Strategy
In the heart of Sacramento, California, Vibe Bioscience Ltd. (also known as “Vibe”) operates as a prominent cannabis retailer and cultivator with aspirations for significant expansion across the state.Following up on their announcement from August 2020, Vibe has finalized a key transaction: the acquisition of Cathedral Asset Holding Corporation (“CAHC”). This move not only broadens Vibe’s distribution reach but also solidifies its position within the highly competitive cannabis industry.
An Overview of CAHC Acquisition
Cathedral Asset Holding Corporation maintains a strategically located facility in Santa Rosa, California, fully equipped for both distributing and manufacturing cannabis products under regulatory compliance. This acquisition empowers Vibe to optimize logistics from their cultivation sites directly to retail outlets by managing transportation,packaging,labeling,storage,testing,and transferring all in-house.
Moreover, securing this facility enables an expanded launch of Hype Cannabis Co.™ products—known for their commitment to all-natural ingredients—thus reinforcing an enhanced product range for consumers throughout California.Financial Details & Transactional Terms
Under this agreement valued at CA$333,360 paid in shares based on a 30-day volume-weighted average price concluding on September 10th—notably without any cash outlay—the integration includes assuming existing lease obligations plus overseeing vape product inventories. 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