On Friday March 29th, 2019, SDVI released its 2018 Annual Report:
Exciting news in the Annual Report “On October 23, 2018 (the “Closing Date”) Signature Devices, Inc., approved a merger with Nano 101, Inc in a stock purchase agreement. Nano 101 was paid 5,100,000 shares of Preferred stock to be held in escrow and released on several conditions such as being current in reporting obligations and with the achievement of milestones including reaching $2 million in market cap by 12/31/2019, and $50 million by 12/31/2021.” Financials show significant increase revenues of over 100% from 2017
Management stated that “With Signature Devices merger acquisition of Nano 101, the company has now entered the burgeoning hemp space, thatwith passage of the 2018 Farm Act, is primed for robust growth in the coming years across the globe. The major hemp derivative that is expected to see the greatest growth is CBD (Cannabidiol) which provides a variety of therapeutic benefits without the deleterious psychoactive effects of THC (tetrahydrocannabis). Nano 101 has tapped into this CBD market by developing the most powerful CBD topical patch system. In addition, by Q2 2018 Nano 101 introduced its Hemp patch product line.”
The Company vision for its Nano Merger: “Signature Devices will take a three pronged investment growth strategy with the acquired Nano 101 property. The first will be expansion of digital marketing efforts of its Pure Hemp product line. While CBD is still restricted, Hemp labeled products are allowed for marketing and sale on Google, Facebook, and the Amazon marketplace. With our recent investment in Google Shopping for Pure Hemp patch, returns have been in the 4x to 5x region of investment. We see high potential to push the hemp product line on these e-commerce marketing platforms. We have also allocated a significant amount of energy towards continued research and development especially with our CBD products. With the Farm Bill passing we expect to release a variety of patches with varying strengths and with custom formulations. Our third strategy isto invest placing our products in traditional brick & mortar retail stores. Our initial focus is on smaller practitioner’s offices (chiropractor offices, naturopaths, homeopaths, etc.), wellness centers, dispensaries, vape shops because of easier markets to these distribution channels. Eventually larger retail spaces will be targeted such as major name pharmacies and retail stores (CVS, Walgreens, Target, Walmart, etc)”