CBDS - Cannabis Sativa to acquire Los Angeles-based Stratum Brands Cannabis

Rocky89/E+ via Getty Images Cannabis Sativa (CBDS) has signed a Term Sheet to acquire Stratum Brands, a Los Angeles cannabis product manufacturer with product lines including flower, live resin, diamonds, and shatter distributed to more than 50 California dispensaries. Details of the LOI call for issuance of Cannabis Sativa stock valued at ~$1.72M for 49% ownership with an option to increase ownership after completed audit of Stratum's financials. The deal will close pursuant to a successful initial raise of at least $500K. Stratum CEO Jason Boze stated "with the enhanced funding capabilities of Cannabis Sativa as a partner, we believe we can greatly scale our manufacturing and distribution footprint through increased brand awareness achieved via strategic marketing initiatives and product development."

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Cannabis Sativa to acquire Los Angeles-based Stratum Brands Cannabis