TORONTO, Oct. 9, 2018 /CNW/ – PRESS RELEASE – Flower One Holdings Inc. has announced it has entered into agreements with NLV Organics, Inc. (NLVO) and related parties to purchase a 100 percent interest in a property in North Las Vegas, Nev., and all of the business’ tangible and intangible assets. The acquisition of NLVO’s assets also brings to Flower One a team of experienced cultivators and producers and therefore immediate understanding of post-harvest production techniques and supply relationships to over 30 operating dispensaries in the state.
NLVO is a fully operational 25,000-square-foot cultivation and production facility located in the city of North Las Vegas. It is fully licensed to grow and process cannabis for both the medical and recreational markets in Nevada. NLVO has nine grow rooms capable of cultivating a total of 4,500 plants per cycle.
“This transaction is more than an acquisition, it is a true partnership