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Active Health Releases Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft
Active Health Releases Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft.
About this update from Active Health Foods, Inc.
[{"type":"text","content":"\n\n\n\nActive Health Releases Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nActive Health Releases Cannabis Brand Names for its Proposed California Joint Venture with Massachusetts Based Cannabis Company The Hub Craft\nPR Newswire\nLOS ANGELES, Jan. 6, 2022\n\n\n\nLOS ANGELES, Jan. 6, 2022 /PRNewswire/ -- Active Health Foods, Inc. (OTC: AHFD) (the \"Company\"), today announces the cannabis consumer brands to be included in its recently announced letter of intent to create a joint venture with the Hub Craft, a licensed and permitted Massachusetts cannabis cultivation, manufacturing, and retail company. \n\n \n \n \n \n \n \n\n \nThe proposed joint venture plans to bring the following Hub Craft brands into the California marketplace. \nFreeway Cannabis by Rick Ross Payton's Place by NBA Star Gary Payton TRUTH34 brand via Paul Pierce, 10x NBA All-Star,, aka 'The Truth'. The brand will include flower, vapes, bubble hash, pre-rolls, and edibles. Whoopi Goldberg's brand \"Emma & Clyde\" to include pre-rolls, flower, vapes, and edibles from the health-conscious brand \"Emma & Clyde.\" Under the terms of the proposed joint venture, the Company, Hub Craft, and licensed California cannabis operator, Cannabis Global, Inc. (OTC:CBGL) will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.\n\"We believe these brands will significantly increase the marketability of the future joint venture's product offerings,\" commented Mr. Glen Bonilla, CEO of Active Health. \"With the competitiveness of the mature California markets, branding is proving to be a key competitive differentiator. We are looking fo...