Business
Suntex Enterprises, Inc. Agrees to Acquire CBD Coffee Company
Suntex Enterprises, Inc. Agrees to Acquire CBD Coffee Company.
About this update from Suntex Enterprises, Inc.
[{"type":"text","content":"\n Las Vegas, NV, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Suntex Enterprises Inc. (OTC Pink: SNTX) is pleased to update shareholders and the public about the Company’s ongoing commitment to advancement and revenue growth. On Tuesday, October 5th, 2021, Suntex Enterprises, Inc., signed a letter of intent (LOI) with an East Coast based CBD Infused Coffee Company agreeing to acquire the totality of the ongoing operations.Within the LOI, Suntex Enterprises agrees to complete the due diligence process and fully close and acquire the operations of the CBD Coffee Company within 45 days of the signing. The acquisition target currently wholesales and retails both Whole-Bean CBD Infused Coffee and ground CBD Infused Coffee in multiple blends and multiple package sizes. Currently, the Coffee Company targets a multitude of independent coffee retailers as well as many independent heath food and socially conscious retail outlets. Suntex Enterprises will be assisting the management with resources needed to expand the CBD Coffee operations as well as adding retail revenue by offering the Coffee brands through Budding Botanicals highly profitable on-line retail store. (www.buddingbotanicalsca.com) The purchase of the CBD Infused Coffee Company continues a commitment of Suntex Enterprises to become the industry leader by concentrating on becoming a full-service, well rounded and complete CBD wholesale and retail operation.Suntex Enterprises currently proudly offers a wide variety of products in multiple CBD categories. The brands consist of Pumped CBD Water; a CBD infused water packaged in the shape of a dumbbell being sold in both a 20oz and a 30oz version. Budding Botanicals, the Company’s largest subsidiary, offers a plethora of variations of CBD options to satisfy everyone’s needs. Budding Botanicals offers everything from Salves to Tinctures to Dog Treats and beyond. Budding Botanicals operates the e-commerce department. Budding Botanicals also operates the “White Label” and wholesale division. The recently completed acquisition of Beauty by Design, a CBD Infused line of hair care and beauty products, is currently in the process of being re-packaged and being produced for retail sales and already has a multitude of pre-production orders. The acquisition of the CBD Infused Coffee Company adds yet another category for t...