LAS VEGAS, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Dakshidin Corporation (OTC PINK:DKSC) announced today that it has signed a letter of intent to acquire 100% of Whitechapel Holdings, Inc. (Whitechapel). Whitechapel consists of two wholly owned subsidiaries:
- laughingfrogs.com sells a unique and proprietary line of CBD cannabis derived health and wellness products
- Runnymede Farms, which is in the process of completing the purchase of a 193-acre farm in Northern California that is licensed to cultivate cannabis
The company also offers a wide range of ancillary services to the burgeoning legal cannabis industry.
Whitechapel expects to introduce additional exclusive items in order to expand their existing legal cannabis derived product offerings on laughingfrogs.com in Q1 of 2019.
The transaction is expected to close within a few weeks.
Further details about Whitechapel will be made available as soon as the acquisition has been completed.
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Dakshidin Corporation Investor Relations
Toll free: 1-800-986-6418
Martin Parr - Director