Business
Globalive Technology Announces Transformative Merger with Leading CBD Company Socati Corp.
Globalive Technology Announces Transformative Merger with Leading CBD Company Socati Corp....
About this update from Live Energy Minerals Corp
[{"type":"text","content":"\n\n\n\nGlobalive Technology Announces Transformative Merger with Leading CBD Company Socati Corp.\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\n\nCanada NewsWire\nTORONTO, June 4, 2020\n\n\n\nReverse takeover with Socati Corp. creates a vertically integrated global CBD producer poised to become a leading supplier to top consumer brands\n TORONTO, June 4, 2020 /CNW/ - Globalive Technology Inc. (TSX-V: LIVE) (the \"Company\"), a technology company based in Toronto, Ontario, is pleased to provide details relating to its previously announced transformative merger with Socati Corp. (\"Socati\"), a leading manufacturer and processor of CBD and other cannabinoid-based products, by way of a reverse takeover (the \"Transaction\"). The combination will create a vertically integrated global wellness company with a significant opportunity to capitalize on the rapidly evolving and consolidating CBD marketplace. More information regarding the Transaction can be found in the Company's SEDAR filing at www.sedar.com. \nSocati Overview \nSocati is a vertically integrated manufacturer and marketer of premium-quality and efficacious cannabinoid ingredients and consumer products. The company focuses on the manufacture of CBD, minor cannabinoids such as CBG and CBN, and other functional ingredients and finished wellness products. Socati possesses extensive intellectual property and proprietary technology in cannabinoid extraction and separation, as well as best-in-class in-house analytical capabilities. \nSignificantly, Socati is the only commercial scale producer of 'USDA Organic' certified cannabinoid ingredients with non-detectable levels of THC, the psychoactive component of hemp. This creates compelling brand value and a first-mover advantage for Socati as consumers shift to organic CBD products. The USDA Organic Seal is the gold standard for supply chain integrity in the United States, with consumer demand for organic products driving significantly higher growth rates and price premiums relative to their nonorganic counterparts. \nSocati's vertical integration across ingredients...