Company Overview

Company name: Evergreen Organix
Description: Producer of edible marijuana products based in Las Vegas, Nevada. The company offers a wide variety of chocolates, cookies, rice cereal, fruit chews, oils and other related products.
Year founded: 2015
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Industry: Consumer Products and Services (B2C) | Group: | Code:
Website: www.evergreenorganix.com
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City: Las Vegas
State: Nevada
Country: United States
Region: Americas

Financial Highlights

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Business status: Generating Revenue
Ownership: Privately Held (no backing)
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Financing Status: The company reached a definitive agreement to be acquired by Cannabis One for an estimated US$50.1 million on April 22, 2019. The acquisition provides Cannabis One with a significant brand presence in the Nevada medicinal and recreational marketplace and more than 27,000 square feet of additional cultivation capacity, the company said in a statement. Under the terms of the agreement with LV 3480 Partners LLC, Cannabis One will acquire all intellectual property, product formulations, warehousing, and logistics operations, and multi-state intellectual property licensing and manufacturing agreements with contracted partners for around US$27 million, less any funds previously advanced in Class B super-voting shares of Cannabis One. The agreement with 3480 Investors Inc gives Cannabis One two Nevada state-issued cultivation and manufacturing licenses for US$15,000,000, comprised of US$14,355,000 in assumed liabilities and US$645,000 in cash. Cannabis One will also acquire all cultivation and manufacturing equipment from Agro Finance LLC for US$8,103,117 in cash.
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Profile last updated: 25-Apr-2019
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