Colorado Springs, CO, Jan. 31, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Bayport International Holdings, Inc. (OTC Pink: BAYP) (“the Company” or “Bayport”) operates as a diversified holding company with subsidiaries active across cannabis technology, and environmentally-friendly car wash services. Bayport is pleased to announce that the previously-disclosed proposed acquisition has officially closed after the signing of a definitive agreement.
The Company announced the initial signing of the Letter of Intent to acquire the eco carwash operation back on January 10, 2019, which was followed by an announcement of a binding term sheet on January 15, 2019.
With the completion of the 360 Eco Wash acquisition, the Company now officially adds another division alongside Cannabis Technology, within its new holding company business model. In addition, this means Bayport International Holdings is officially generating regular revenues.
Bayport is in the process of building its new corporate website at www.baypcanna.com and we expect it to be up and running by the end of next week.
Bayport CEO Clay Franks: “The completion of the 360 Eco Wash acquisition is a major step for Bayport and diversifying the company through a holding company business model. I am looking forward to the exciting year ahead.”
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About Bayport International Holdings, Inc. (OTC PINK: BAYP):
Bayport International Holdings, Inc. is a holding company actively engaging acquisition targets with growth potential. Bayport has active operations across cannabis technology and an eco-friendly, mobile car war operation located in California.
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