NutraNomics to Acquire The Plant (DHS Development Inc.)
January 20, 2022
NutraNomics, Inc. (OTC: NNRX), a Gladstone, Oregon-based nutraceuticals company, entered a binding letter of intent to acquire the assets, IP and key personnel of DHS Development Inc., doing business as The Plant, a contract cannabis processor in Desert Hot Springs, California. The acquisition is intended to expand NutraNomics’ processing, product diversity and R&D capabilities as part of its broader growth strategy; closing was targeted for February 2022 pending due diligence.
- Buyers
- NutraNomics, Inc. (OTC: NNRX)
- Targets
- DHS Development Inc. (dba The Plant)
- Sellers
- DHS Development Inc. (dba The Plant)
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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