Company Overview

Company name: Zoots Premium Cannabis Infused Edibles
Description: Provider of cannabis products based in Washington. The company offers hemp oil infused products in the form of nuggets, concentrate, brownies an plant extraction solutions, focusing on product safety, quality, and consistency.
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Industry: Consumer Products and Services (B2C) | Group: | Code:
State: Washington
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
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 IONIC Brands Corp on April 24, 2019. The acquisition will allow Ionic to expand their product offering into the edibles space as well as expand their current distribution network. In accordance with the terms of the Agreement, IONIC BRANDS will acquire Zoots for US$855,000 in cash and issuance of up to 10.7 million common shares of the Company upon closing of the transaction. In addition, the Company will issue up to 5.35 million common share purchase warrants to the shareholders of Zoots, with an exercise price of C$1.33 per share, exercisable over three years.
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Profile last updated: 26-Apr-2019
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