STOCK TITAN

Nass Valley Gardens Inc. Announces It Has Signed a Definitive Agreement to Purchase Super Scientific Laboratories LLC of Miami Lakes, Florida

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Nass Valley Gardens Inc. announced the acquisition of Super Scientific Laboratories LLC on December 31, 2022. This strategic move aims to enhance product development and distribution channels within the CBD market, including vapes, gummies, and skincare products. CEO Michael Semler emphasized the potential growth and synergy from this partnership, indicating that Super Scientific's capabilities would positively impact Nass Valley's earnings for 2023. Audited financials are forthcoming, and the acquisition involved no finder’s fee. This merger is positioned to strengthen Nass Valley's footprint in the organic, non-GMO hemp-based product landscape.

Positive
  • Acquisition of Super Scientific Laboratories is expected to enhance product development and distribution.
  • Proven manufacturing capabilities of Super Scientific are a strong fit for Nass Valley.
  • Growing client base of Super Scientific is projected to positively impact 2023 earnings.
Negative
  • None.

WEST PALM BEACH, FL, Jan. 18, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nass Valley Gardens Inc., a Nevada registered C-Corp and a wholly owned subsidiary of Nass Valley Gateway Ltd.,  (CSE:NVG) (OTC:NSVGF)(FSE:3NVN), announced today that it signed a definite agreement on 12/31/2022 to purchase 100% of Super Scientific Laboratories LLC,  a leading manufacturer of products focused on CBD, cannabidiols, vapes, gummies, soaps, lotions and other consumer products.

Nass Valley Gateway Ltd. CEO Michael Semler stated, “We welcome Hershey Jakob and his team at Super Scientific Labs. We have been discussing an acquisition for over a year and are truly excited as our two companies will be stronger together as one, versus standing apart. We will be able to leverage our synergies to drive more creative product development, share greater distribution channels, and be able to compete for larger manufacturing contracts. Their proven manufacturing capabilities are a perfect fit and their growing client base will be accretive to Nass Valley Gardens’ 2023 earnings.”

Audited financials will be available when completed on Nass Valley Gardens Inc‘s website. There was no finder’s fee involved in the acquisition.

ABOUT NASS VALLEY GARDENS INC. 
Nass Valley Gardens Inc. is a subsidiary of Nass Valley Gateway LTD (NVG), a publicly traded company on the CSE. In 2019, Nass Valley Gateway Ltd began focusing on the sales and distribution of organic, non-GMO hemp-based, CBD products and purchased Nass Valley Gardens Inc and its lineup of CBD products sold via digital sales channels. Nass Valley Gardens’ products target the pain remediation, sleep, focus, dermatology, anti-aging, pet, hair, and beauty markets.

We seek Safe Harbor.

This press release is for information purposes only and does not constitute an offer or sale of the securities mentioned above. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to Regulation A of the Securities Act of 1933.

Company:
Nass Valley Gardens Inc.
400 Clematis St., Ste 207
West Palm Beach, FL  33418

A subsidiary of:
Nass Valley Gateway Ltd.
422 Richards Street, Suite 170
V6B 2Z4 Vancouver
Canada
Phone: 609-651-0032
E-mail: michael.s@nassvalleygateway.com
Internet: www.nassvalleygateway.com


FAQ

What acquisition did Nass Valley Gardens Inc. announce on January 18, 2023?

Nass Valley Gardens Inc. announced the acquisition of Super Scientific Laboratories LLC.

How will the acquisition of Super Scientific Laboratories affect NSVGF's earnings?

The acquisition is expected to positively impact Nass Valley Gardens Inc.'s earnings for 2023.

What products does Super Scientific Laboratories manufacture?

Super Scientific Laboratories specializes in CBD products, including vapes, gummies, and skincare.

What is the significance of the acquisition for Nass Valley Gardens Inc.?

The acquisition is aimed at enhancing product development and sharing distribution channels to compete for larger contracts.

When was the agreement to purchase Super Scientific Laboratories finalized?

The agreement was finalized on December 31, 2022.

NASS VY GATEWAY LTD

OTC:NSVGF

NSVGF Rankings

NSVGF Latest News

NSVGF Stock Data

24.53M
102.92M
67.03%
Medical Distribution
Healthcare
Link
United States of America
Vancouver