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US (CO): New Age Farm to acquire CBD companyNew Age Farm has entered into a letter of intent to acquire 100% of the Denver-based CBD company, We Are Kured. We Are Kured is an innovative online CBD and lifestyle company. The company has partnered with hemp cultivators, edible manufacturers, and product formulators to develop, market and distribute multiple lines of CBD products including, but not limited to, CBD vaporizer pens, topicals, gel capsules and more. All of We Are Kured’s products are 100% THC free and will be available for purchase internationally.
Under the terms of the letter of intent, New Age Farm and We Are Kured will work toward a definitive agreement expected to take place before the end of December 2017 wherein New Age Farm will acquire all the assets of We Are Kured in exchange for $1,150,000 payable in cash and shares.
We Are Kured is led by Benjamin Martch, an active cannabis marketing entrepreneur and leader. Mr. Martch has assembled a team of leaders that has each made his or her mark in their respective sectors ranging from cannabis, finance, retail and horticulture to professional sports. Together, We Are Kured’s team operates some of the world’s premier cannabis companies with operations in Colorado, Oregon, Massachusetts, Maryland and California. We Are Kured intends to become an industry leader in the legal worldwide marketplace.
Mr Carman Parente, president and CEO of New Age Farm commented, “We are very pleased at the immense opportunity We Are Kured will bring to New Age Farm to enter into a whole new sector of the cannabis industry. This will provide our stakeholders with another potential revenue stream in an established and growing industry. With his cannabis, event production and business development history in Colorado, Oregon and California we are excited to have a charismatic leader like Ben Martch join our team.”
For more information:
New Age Farm
Publication date: 12/11/2017
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