Dixie Brands, Inc. (OTCQX: DXBRF) (CSE: DIXI) operates as a consumer-packaged goods (CPG) cannabis company, which features a diverse product line including: edibles, tinctures/oils, topicals, beverages & drinks, CBD-based products, and more. The multi-state operator (MSO) currently has a presence in Colorado, California, Nevada, Michigan, and Maryland. The CPG cannabis company’s U.S.-listed stock jumped 42.50%, during trading on Friday, November 15, 2019. Over the past month, Dixie Brands has seen average daily volume of 180,847 shares. However, volume of 821,008 shares or dollar volume of $233,987, exchanged hands on the U.S. listing during Friday’s trading.
Shares of Dixie Brands climbed on Friday, after the company announced that it has entered into a definitive agreement with Herbal Enterprises, LLC, to develop and “launch a collection of THC-infused cannabis products,” according to the release. Herbal Enterprises is an affiliate of the AriZona brand. The joint venture will begin to develop a new brand and its related THC-based products for commercial launch in 2020. Here is the full press release detailing of the agreement:
Dixie Brands, Inc. Press Release:
DENVER and WOODBURY, NY, Nov. 15 2019 /CNW/ – Dixie Brands Inc. (CSE: DIXI.U), (OTC: DXBRF), (Frankfurt: 0QV), a leading cannabis CPG company, and Herbal Enterprises LLC, an affiliate of the AriZona™ brand, have entered into a Definitive Agreement to launch a collection of THC-infused cannabis products.
The terms of the Definitive Agreement, as outlined in the Letter of Intent announced on August 7th, 2019, provide the framework for the combined management teams to work closely on the development and launch of a groundbreaking brand and related THC-infused products during 2020.
ABOUT DIXIE BRANDS, INC
Dixie Brands Inc. is leading the CPG cannabis industry by championing freedom of choice for consumers around the world. Through its licensed partners, Dixie has been perfecting the art and science of creating award-winning THC and CBD-infused products for nearly a decade. A true multi-state operator currently in California, Colorado, Maryland, Michigan and Nevada, Dixie is set to expand internationally, including Canada and Latin America. Dixie’s relentless commitment to product innovation from fun to functional has earned the brand a place as one of the industry’s most recognized consumer brands. Dixie’s portfolio features over 100 products across more than 15 different product categories representing the industry’s finest edibles, beverages, tinctures, topicals and connoisseur grade extractions, as well as world-class CBD-infused wellness products and pet supplements. To find out more about Dixie’s innovative products, visit www.dixiebrands.com.