Le Lézard
Classified in: Health, Business
Subjects: TNM, MAT

Green Scientific Labs Announces the Sale of Florida Assets


Green Scientific Labs Holdings Inc. ("Green Scientific Labs") (CSE: GSL), a leading provider of innovative cannabis and hemp testing technologies and methods, announced today that it has reached an agreement to sell all the assets related to its Florida Operations to ACT Laboratories, a leading lab testing company in the legal cannabis and hemp markets. The financial terms of the transaction are not being disclosed.

DAVIE, Fla., May 11, 2023 /PRNewswire-PRWeb/ -- Green Scientific Labs Holdings Inc. ("Green Scientific Labs") (CSE: GSL), a leading provider of innovative cannabis and hemp testing technologies and methods, announced today that it has reached an agreement to sell all the assets related to its Florida Operations to ACT Laboratories, a leading lab testing company in the legal cannabis and hemp markets. The financial terms of the transaction are not being disclosed.

The sale is expected to be completed prior to the end of Q2 2023 subject to customary closing conditions, including shareholder approval and regulatory approvals.

Green Scientific Labs has built a strong reputation in the cannabis compliance testing market over the years, offering a wide range of services to its customers.

About

ACT Laboratories, Inc.
ACT Laboratories, Inc. provides critical lab testing services for cultivators, processors, dispensaries, and brands to satisfy state requirements for a broad spectrum of tests, including potency, terpene, pesticide, microbial. Each of its labs are in full compliance with state law and the company works closely with regulators to elevate cannabis testing standards nationwide. ACT Laboratories is accredited to the international standard ISO/IEC 17025:2017 for the purposes of cannabis testing, ensuring methods are fully validated and independently reviewed. The company is majority owned by Intrinsic Capital Partners.

Intrinsic Capital Partners
Intrinsic Capital Partners is a Pennsylvania-based investment firm focused on life science and technology businesses within the legal cannabis and hemp industries. The Intrinsic team brings institutional investment discipline and world-class operating experience to build and scale industry-leading companies that address unmet needs across the supply chain. Intrinsic Capital Partners employs an operator-centric investment model to create a diverse portfolio of leading companies within the federally legal and emerging cannabis and hemp industries.

Contact Intrinsic Capital Partners: [email protected]

Green Scientific Labs
Green Scientific Labs (CSE: GSL) is a leading provider of innovative cannabis and hemp testing technologies and methods. The Company's labs perform product testing to help cultivators, manufacturers, and retailers stay compliant with state and federal regulations. Green Scientific Labs delivers superior marijuana, cannabis, hemp, and CBD testing services, and provides industry leading customer service for its clients.
For more information, please visit https://www.greenscientificlabs.com/.

This news release contains certain "forward-looking information." The CSE has not reviewed, approved, or disapproved the content of this news release.?

Media Contact

Michael Richmond, Green Scientific Labs, 833 837-8223, [email protected]

 

SOURCE Green Scientific Labs


These press releases may also interest you

at 17:09
Two weeks remain in consultations to help 2SLGBTQI+ seniors age well at home
Every senior deserves to age in health, in safety and in dignity. Everyone should have the choice to age at home, in their communities, on their terms. That includes 2SLGBTQI+ Canadians. However, many 2SLGBTQI+ seniors do not have all of the supports...

at 17:08
Eshallgo Inc Announces Closing of Initial Public Offering
Eshallgo Inc ("Eshallgo" or the "Company") , one of the leading office solution providers in China, today announced the closing of its initial public offering (the "Offering") of 1,250,000 Class A ordinary shares at a public offering price of $4 per...

at 17:05
TWC Enterprises Limited Announces Sale of Woodlands Golf Club and Participation in Related Joint Venture
TWC Enterprises Limited ("TWC") has announced the closing of the sale of the former Woodlands Golf Club to a joint venture managed by 13th Floor Homes. 13th Floor Homes is the homebuilding division of Miami-based 13th Floor Investments. TWC will be a...

at 17:05
Diversified Royalty Corp. Announces July 2024 Cash Dividend
Diversified Royalty Corp. (the "Corporation" or "DIV") is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of July 1, 2024 to July 31, 2024, which is equal to $0.25 per common...

at 17:04
Demetree Global Acquires Prime Mixed-Use Property in Winter Park, FL
Demetree Global is thrilled to announce the acquisition of Hannibal Square, a prominent mixed-use property located in the heart of Winter Park, FL. The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of...

at 17:00
Hut 8 Operations Update for June 2024
Hut 8 Corp. ("Hut 8" or the "Company"), a leading, vertically integrated operator of large-scale energy...

More news about Business...


News published on and distributed by: