Signature Devices Inc. (SDVI)

[trader guy]

Azzam's stepping down announcement coincided with the Nana 101 acquisition so I've gotta strong feeling the new SDVI CEO will be Ray Khan, CEO of Nano 101.

Signature Devices, Inc. Acquires Nano 101
Signature Devices, Inc., a technology producer based in Sheridan, Wyoming, has acquired Nano 101, a technology company in the CBD and Hemp space in an all stock deal.

Speaking about the deal, Inas Azzam, outgoing CEO and President of Signature Devices commented, “Both companies were motivated to quickly close the deal to allow for a smooth transition of assets and resources. This deal allows Signature to partner with Nano 101 and expand its technology assets plus take advantage of the growing Cannabidiol industry with Nano 101’s unique patch products for CBD and Hemp.”

Nano 101 introduced its CBD and Hemp based products into the market in April of 2018, which are are sold directly to consumers through its website and on Amazon.

CBD, is a non-psychoactive cannabinoid found in cannabis. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help in PTSD, anxiety, MS and epilepsy without giving its consumers a high!

Signature Devices will continue to operate Innovo Technology as well and find common technology use cases and integration with Nano 101.

http://www.wyomingbids.com/business-news/1.151900-signature-devices-inc-acquires-nano-101.html