U.S. Markets close in 4 hrs 27 mins

SOL Global's HeavenlyRx To Acquire Airganics

Alex Oleinic

HeavenlyRx, a portfolio company of SOL Global Investments Corp (OTC: SOLCF), has announced it's entering into a letter of intent to acquire Airganics. The value of the deal is $10 million. 

The acquisition of Airganics will allow HeavenlyRx, which holds controlling interests in hemp/CBD and THC-free cannabinoid wellness space, to add three new brands.

Airganics is focused on developing high-performance wellness products, which has three brands in its portfolio: MOXE, an aromatherapy diffuser that will include a CBD line later this year; Nutriair, an inhalable nutrient delivery service; and ENVY HEMP, which includes tinctures, capsules, vapes, and energy shots.

All brands are focused to capture the CBD wellness space and already have distribution channels. 

Related Links:

Discussing Sol Global's M Hemp Biomass Investment With CEO Brady Cobb

OrganiGram Announces Proprietary Technology For Cannabis-Infused Edibles

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.