PRESS RELEASE - Renee Gagnon, founder and CEO of HollyWeed North Cannabis INC., has announced that the company has signed a letter of intent dated Sept. 10, 2018, to acquire Women Grow, LLC, a global company that provides connections, education and empowerment for aspiring and current cannabis entrepreneurs and business executives. Founded in 2014 in Denver, Colo., Women Grow has had over 50,000 individuals across the U.S and Canada attend its monthly Signature Networking Events and annual Leadership Summit, with an overall reach of over a half of million followers. Currently, Women Grow operates in 17 markets and continues to expand.
In making the announcement, Gagnon stated, “For almost four years, it has been my pleasure to share in the phenomenon that is Women Grow. Women are the cornerstone of the cannabis industry and it is HollyWeed North’s goal to ensure that women succeed and thrive in this exciting emerging industry.”
“This is an amazing opportunity for Women Grow and its community. We are pleased to enter into this next phase with HollyWeed North and Renee Gagnon, a highly respected and notable business leader in the cannabis industry. We have enjoyed a long relationship with Renee and look forward to exploring potential expansion opportunities,” said Kristina Garcia, CEO of Women Grow.
Chairwoman of Women Grow’s Board of Managers, Dr. Chanda Macias, said, “This is a monumental and thrilling time for Women Grow. Renee Gagnon has been an integral part of Woman Grow from the beginning. She understands and supports our community. Women Grow has been at the forefront of change in the cannabis industry. Here is a unique opportunity for us to further our mission.”
HollyWeed North is a private Canadian company incorporated in British Columbia, established in 2016, with operating subsidiaries specializing in the growth, manufacturing, licensing and production of cannabis and other pharma grade products. HollyWeed North’s subsidiaries include HollyWeed Manufacturing and Extracts Inc., a federally dealers’ licensed company incorporated in British Columbia specializing in cannabis extraction and product manufacturing; HollyWeed Grow Inc., a late stage federal ACMPR applicant, also a private company incorporated in British Columbia specializing in the growth of medical cannabis and cannabis products; HollyWeed Retail Inc., a retail strategies provider and supply chain management company incorporated in British Columbia; Hollyweed Bakery Inc., a developer and manufacturer of unique cannabis baked goods and edibles incorporated in British Columbia; and Terracube International Inc., a manufacturer and developer of proprietary scalable, sanitary grow facilities incorporated in British Columbia. HollyWeed North is currently restructuring its capital such that, upon execution of the Definitive Agreement, all of the subsidiaries will be wholly-owned by HollyWeed North.
Definitive agreement and terms to be announced in subsequent release. Transaction is subject to due diligence and exchange approval.