NewLeaf Brands Acquires 50pc of Dallas, Texas Based Distribution Company Levee Street Holdings, LLC
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ewLeaf Brands Inc. (CSE: NLB) (OTC: NLBIF) (FSE: 0NF) (NewLeaf Brands or the Company) is pleased to announce that it has signed a share swap agreement with Levee Street Holdings, LLC (Levee Street) to purchase 50pc of Levee Street for USD 450,000 CAD in common shares.
Greg Kassanoff founded Levee Street to infiltrate the alternative beverage space, which includes CBD products. This share swap agreement with Levee Street will include the distribution of We Are Kured, LLC, ReLyfe Brands, LLC, TeaLief Brands, LLC and Drink Fresh Water, LLC products.
Earlier in 2018, the Farm Bill restored industrial hemp to nationwide legal production for the first time since World War II. Removing hemp from the Controlled Substances Act of 1970 (CSA) also helped create a financial domino effect - eventually leading mass-market retailers CVS Health, Rite Aid, and Walgreens Boots Alliance to carry hemp-CBD brands.
Greg Kassanoff is the founder of Levee Street Holdings, LLC, Pioneer Wine & Spirits, LLC, & CEO of Mexicor Pioneer Wine & Spirits (MPWS). MPWS has thousands of existing retail and restaurant relationships throughout the state of Texas with infrastructure to support beverage distribution throughout the entire state. Mr. Kassanoff is also the founder of Pioneer Louisiana, LLC which has a large distribution footprint covering the state of Louisiana.
Levee Street is excited to partner with NewLeaf Brands creating a vertically integrated distribution company and giving us the comfort to build brands as true partners. - Greg Kassanoff - Founder, Levee Street Holding, LLC
NewLeaf Brands' leadership team will be leveraging Mr. Kassanoff's high-level nationwide relationships with the goal of becoming a leading, nationwide CBD & non-alcohol distribution conglomerate.
We're extremely excited to partner with Levee Street Holdings & Greg Kassanoff. We have spent a lot of time focusing on distribution partners, but partnering with Greg will prove to be invaluable with his decades of experience, nationwide relationships and already established infrastructure in Texas & Louisiana, said Josh Bartch - CEO, NewLeaf Brands, Inc.
✔️ NewLeaf Brands Acquires 50pc of Dallas, Texas Based Distribution Company Levee Street Holdings, LLC
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