Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) on Tuesday announced its entry into a non-binding letter of intent (“LOI”), dated April 3, 2019, to acquire City Cannabis Corp. in exchange for common shares of Wildflower. City Cannabis is a British Columbia-based premier licensed cannabis retailer that holds two of the three City of Vancouver licenses to sell cannabis, and is the only company in the province of British Columbia with multiple licenses. Following receipt of tax, corporate and securities law advice, the parties will determine the final structure of the acquisition. “City Cannabis and Wildflower are the perfect combination of premier products and a premier consumer retail experience,” Wildflower CEO William MacLean said in the news release. “City Cannabis’ retail consumer data and insight will help shape development of Wildflower’s product line-up while the retail expertise of City Cannabis will aid Wildflower in its retail expansion. The combination of Wildflower and City Cannabis will form a truly global cannabis company.”
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About Wildflower Brands
Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and wellness products. All of the company’s brands work in synergy toward the goal of becoming a global wellness leader. For more information, visit the company’s website at www.WildflowerBrands.co.
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