Neon Bloom, Inc. (OTC: NBCO) Announces Acquisition of Bazelet Health Systems, Inc.

Rhea-AI Summary

Neon Bloom, Inc. (OTC: NBCO) has completed the acquisition of Bazelet Health Systems, Inc. in an all-stock deal involving 120 million shares. This acquisition positions Neon Bloom at the forefront of the cannabis industry, focusing on THC-free cannabis and genome engineering. Bazelet operates three subsidiaries: Bazelet Oglesby for plant science, Bazelet Research for CRISPR-Cas9 technologies, and Bazelet Learning for cannabis education. Co-founders Michael Clinton and David Grand emphasized the strategic importance and potential value this acquisition brings to shareholders.

Positive

• Acquisition enhances Neon Bloom's position in the cannabis industry.
• Potential market expansion due to Bazelet's innovative subsidiaries.
• Bazelet's focus on genome engineering may lead to breakthroughs in therapeutic applications.

Negative

• None.

ORLANDO, Fla., March 18, 2021 /PRNewswire/ -- Neon Bloom, Inc. (OTC: NBCO), is proud to announce it has closed on the acquisition of Bazelet Health Systems, Inc. This acquisition was an all-stock purchase of 120,000,000 Neon Bloom, Inc. common shares for 100% of the outstanding shares of Bazelet Health Systems, Inc.

Neon Bloom, Inc. (OTC: NBCO) acquires Bazelet Health Systems, Inc.

"Bazelet Corporation has the remarkable opportunity to lead the scientific expansion and commercialization of THC Free cannabis, further revolutionizing the field of genome engineering and sequencing." Said Michael Clinton, Bazelet co-founder.

Bazelet Health Systems has three operating subsidiaries: Bazelet Oglesby, Bazelet Research and Innovation, and Bazelet Learning.

1. Bazelet Oglesby is an innovative, forward-thinking plant science company establishing itself as a world leader in tissue culture propagation and the production of young plants for the global horticulture industry.
2. Bazelet Research and Innovation is revolutionizing the field of genome engineering and sequencing using CRISPR-Cas9. This new technology empowers the company with limitless applications in disease therapeutics, drug discovery, agriculture, biofuels and more. Bazelet Research is pinpointing correlations between the genetic effects of certain cannabis strains for optimal industrial, medicinal and consumer application.
3. Bazelet Learning offers a comprehensive, accredited cannabis educational coursework with learning programs intended for academic institutions, physicians and healthcare, patients, consumers, government, and non-government organizations.  

"The acquisition of Bazelet Health Systems brings immense value to our shareholders and immediately puts Neon Bloom, Inc. in the global forefront of the legal cannabis/hemp industry." Said David Grand, Bazelet co-founder and Director of Research.

About Neon Bloom, Inc. Neon Bloom, Inc. (OTC: NBCO), wholly owns Bazelet Health Systems, Inc. Bazelet Health Systems represents a deliberate strategy to create a centralized focus on safe, effec­tive medical treatment and healthcare through exceptional genetics, research, and education.

Disclaimer:
This Press Release is for informational purposes and contains forward-looking statements based on our current expectations, forecasts, and assumptions with information available to us as of the date hereof and involve risks and uncertainties. This Press Release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Actual results may differ materially from those stated or implied in such forward-looking statements. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this Press Release, whether a result of new information, future events or otherwise.

CONTACT: Robyn Frick
PHONE: (321) 558-2170
EMAIL: support@bazelethealth.com
WEBSITE:  www.bazelethealth.com

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SOURCE Bazelet Health

FAQ

What is the acquisition value of Bazelet Health Systems by Neon Bloom?

The acquisition involved 120,000,000 shares of Neon Bloom, Inc. common stock for 100% ownership of Bazelet Health Systems.

How does the acquisition affect Neon Bloom's market position?

The acquisition places Neon Bloom at the forefront of the legal cannabis industry, enhancing its competitive edge.

What subsidiaries does Bazelet Health Systems operate?

Bazelet has three subsidiaries: Bazelet Oglesby, Bazelet Research and Innovation, and Bazelet Learning.

What is Bazelet's focus in genome engineering?

Bazelet Research is leveraging CRISPR-Cas9 technology for applications in disease therapeutics, drug discovery, and agriculture.

What are the expected benefits of acquiring Bazelet Health Systems?

The acquisition is expected to bring significant value to shareholders by expanding market reach and enhancing product offerings in the cannabis sector.