Gold River Productions Inc (GRPS)

[Fishing at Surfside]

Level Brands +32% after picking up CBD brand

Level Brands (NYSEMKT:LEVB) soars after announced it will acquire Cure Based Development in a two-step merger. Cure Based Development is a manufacturer of nationally recognized consumer cannabidiol brand cbdMD.

LevelB picks up the CBD brand for a merger consideration of 15.525M shares, with an earnout potential of up to an additional 15.525M shares if net revenue targets aggregating $300M are met within 60 months of the closing date.
LEVB +32.12% premarket to $5.10.