Business
Alternate Health Obtains California Cannabis Distribution, Manufacturing and Cultivation Licenses Through Acquisition
Alternate Health Obtains California Cannabis Distribution, Manufacturing and Cultivation Licenses Through Acquisition.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Obtains California Cannabis Distribution, Manufacturing and Cultivation Licenses Through Acquisition\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\nAlternate Health Obtains California Cannabis Distribution, Manufacturing and Cultivation Licenses Through Acquisition\nPR Newswire\nTORONTO, Oct. 17, 2018\n\n\n\nTORONTO, Oct. 17, 2018 /PRNewswire/ - Alternate Health Corp., (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in technology solutions for the regulated cannabis industry, announced today that the Company signed an arms length  agreement on October 16, 2018, to acquire 100% of Four Twenty Inc., receiving coveted cannabis distribution, manufacturing, processing and cultivation permits as part of the agreement. Four Twenty Inc. also holds a five-year lease with an extension and purchase option on a 14,800 square foot, licensed facility in Humboldt County, California. \n\n \n \n\n \n\"With this acquisition, Alternate Health has the potential to take a leadership position in California's cannabis industry,\" says Dr. Murphy, Chairman and CEO of Alternate Health. \"Based in the heart of Humboldt County, Four Twenty Inc. is strategically located giving Alternate Health the capacity to capture a dominant portion of the distribution market in one of the world's most famous and well-respected cultivation areas.\"\nFour Twenty Inc. was established in 2015 by George Mull, a distinguished attorney and one of California's foremost experts in the legal cannabis industry. Originally founded to provide consulting and legal advice for cannabis licensing and operations, Four Twenty Inc. has developed strong relationships with an extensive network of premiere cultivators throughout Humboldt County. These relationships form a key competitive advantage as Alternate Health and Four Twenty Inc. expand into cannabis distribution and product development.\nHighlights of the Four Twenty Acquisition:\nAs part of the acquisition, Alternate Health will receive valid California distribution, manufacturing, processing and cult...