Company Overview

Company name: Pasaverde Labs
Description: Manufacturer of cannabis and hemp. The company specializes in manufacturing cannabis extract products on behalf of some of the most prominent cannabis brands in the United States and operates a 17,600 sq ft extraction facility in Sacramento, California.
Year founded: 2017
Parent company: Nutritional High International
Industry: Healthcare | Group: Other Healthcare | Code:
Website: www.pasaverdelabs.com
Employees:
City: Sacramento
State: California
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Startup
Ownership: Acquired/Merged (Operating Subsidiary)
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Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
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Financing Status: The company was acquired by Nutritional High International (CSE: EAT) for $6.95 million on July 27, 2018. The consideration includes $5.3 million to be awarded over a 2-year period upon completion by Pasa Verde of certain mutually-agreed upon performance targets. The initial $1.65 million consideration will be satisfied by the issuance of $900,000 in Nutritional High shares and the payment of $750,000 cash upon closing.
Number of active investors:
Profile last updated: 08-Sep-2018
Last known valuation: 6.95
Last known valuation date: 27-Jul-2018