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Thursday, 05/09/2019 3:21:13 PM

Thursday, May 09, 2019 3:21:13 PM

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North Bud Farms Inc. (CSE:NBUD) (OTCQB:NOBDF), a Canadian company currently pursuing licensing for Pharmaceutical and Food Grade production in the new 2019 market, entered into an LOI to acquire the Los Angeles-based company Eureka Vapor.

Eureka is a licensed manufacturer of cannabis vape cartridges, batteries, and disposable vape pens designed to work with their unique brand of CO2 extracted cannabis oils. The new acquisition by North Bud will help Eureka expand out of California and Colorado and into the new concentrate sector of the legal Canadian market.

“We believe that vape cartridges represent a high margin and high-growth product segment of the market,” said North Bud CEO Ryan Brown. “The Eureka team are proven operators and possess an unmatched product knowledge which is evidenced by the strong brand loyalty that they have established.”

The cannabis companies will be working together to introduce the Eureka line of cannabis vapes in the fourth quarter of 2019 when the sale of concentrates will finally become legal in Canada.

https://www.potnetwork.com/news/four-cannabis-tech-companies-taking-vape-industry-right-now?fbclid=IwAR3pFKvaRec1I-cC8bIeF_xPMtWWmNgyaR8r6DWe1Z1yMS5Ehm4HYmZf_x8