Citrus Extracts Transport Services, LLC and Citrus Extracts II, LLC acquired substantially all of the assets of Citrus Extracts, Inc and Acacia Transport Services, Inc. from Acacia Diversified Holdings, Inc. for $2.6 million.
July 16, 2015 at 12:00 am EDT
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Citrus Extracts Transport Services, LLC and Citrus Extracts II, LLC agreed to acquire substantially all of the assets of Citrus Extracts, Inc and Acacia Transport Services, Inc. from Acacia Diversified Holdings, Inc. (OTCPK:ACCA) for $2.6 million on June 29, 2015. The Shareholders of Acacia Diversified Holdings, Inc. holding approximately 68% of the total issued and outstanding shares approved the transaction. The Board of Directors of Acacia Diversified Holdings unanimously approved the transaction.
Citrus Extracts Transport Services, LLC and Citrus Extracts II, LLC completed the acquisition of substantially all of the assets of Citrus Extracts, Inc and Acacia Transport Services, Inc. from Acacia Diversified Holdings, Inc. (OTCPK:ACCA) on June 29, 2015.
Acacia Diversified Holdings, Inc. is a diversified holding company. The Company focuses on conducting its business operations through its subsidiaries, such as MariJ Pharmaceuticals, Inc. (MariJ), and Canna-Cures Research & Development Center, Inc., in which it focuses on including the operations of the MariJ Agricultural and Canna-Cures entities. MariJ focuses on the extraction and processing of high-cannabidiol (CBD)/low-tetrahydrocannabinol (THC) content medical grade cannabis oils from medical cannabis plants. MariJ has a mobile cannabis oil processing and extraction unit designed into a heavy-duty vehicle. The unit is engaged in the extractions and processing of medical organic hemp into oils at various sites, and is developing additional contracts for services. The Company, through Canna-Cures Research & Development Center, Inc., focuses on research and development activities, as well as retail and wholesale distribution of medical cannabis products and dietary supplements.
Citrus Extracts Transport Services, LLC and Citrus Extracts II, LLC acquired substantially all of the assets of Citrus Extracts, Inc and Acacia Transport Services, Inc. from Acacia Diversified Holdings, Inc. for $2.6 million.
ACACIA DIVERSIFIED HOLDINGS, INC. 