- New Leaf Ventures (CSE:NLV) has announced its subsidiary New Leaf USA has entered into an LOI to acquire license rights for Willies Reserve from GCH Inc to distribute products in Washington state
- The agreement includes exclusive rights to source, manufacture, distribute and market all of Willies Reserve and Harvest products in the state
- Singer-songwriter Willie Nelson co-founded the Willies Reserve brand in 2015 with GHC Inc
- Shares of New Leaf Ventures remain unchanged at $0.45 as of 12:21 p.m. EDT
New Leaf Ventures (NLV) subsidiary New Leaf USA has entered into an LOI with GCH Inc. to acquire licensing rights for the Willies Reserve line of products.
Under the terms of the LOI, the exclusive rights will include sourcing, manufacturing, distributing and marketing the Willies Reserve and Harvest line of products in Washington state.
Singer-songwriter Willie Nelson partnered with GCH USA in 2015 for the Willies Reserve line of products, which embraces the diversity of the plant, the range of cultivation methods and the wide range of effects and benefits cannabis can have.
“Exclusive distribution rights for Willies Reserve in our region is truly momentous for us. We know there are many consumers who are already dedicated fans of these products, and we are committed to introducing it to the rest of Washington as quickly as possible,” Robert Colwell, CEO of New Leaf USA and director at New Leaf Ventures, said in a release.
New Leaf Ventures provides a cannabis-based scalable securities concept of focused financing and applied management in order to achieve earnings growth through investment opportunities.
Its flagship enterprise, New Leaf USA and its subsidiaries provide licenses, consulting services, real property intellectual property and equipment for lease. It also provides ancillary services to a Washington-baed Tier 3 producer and processor that is focused on cultivating, growing, processing, packaging and distributing cannabis and cannabis-related products.
Shares of New Leaf Ventures remain unchanged at $0.45 as of 12:21 p.m. EDT.