- CBD Global Sciences ( OTCPK:CBDNF ) has entered into a definitive asset purchase agreement with New Age Beverage and NABC Properties to acquire the Direct Store Distribution operation.
- Legacy Distribution will be financing the acquisition with an operating line of credit to be established for this purchase.
- "Our companies have been aligned in the Colorado market with the desire to serve the vendors and stores with best-in-class service." said Brad Wyatt, CEO of Global Sciences.
- CBDNF +30.0% after hours to $0.13.
For further details see:
CBD Global Sciences acquires NewAge's direct store distribution division