Los Angeles, California, July 07, 2016 (GLOBE NEWSWIRE) — Los Angeles, California July 7, 2016 – Vortex Brands Co. (OTC: VTXB) announced today that reached a preliminary agreement to acquire Sagan Labs and that Nicholas Busse will become its new CEO.
Gov. John Kasich signed House Bill 523 into law on June 8, 2016, making Ohio the 25th state to adopt medical marijuana laws. The legislation, passed by the Ohio General Assembly the previous week, will allow patients to use and purchase medical cannabis that will be cultivated and processed in-state. Under the proposed terms of the merger, the Company will focus on building out cultivation farm for medical marijuana on farm land in Ohio and assisting other Companies in the development and incubation of medical marijuana products for Ohio and other states such as Colorado, Oregon and California.
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CONTACT: Contacts: Vortex Brands Co. [email protected]