Bud Genius, Inc. announced they have signed a Letter of Intent to acquire Evergreen Licensing "exclusive licensor of Tommy Chong marijuana, hemp, and cannabis-related products". Under the terms of the agreement, Bud Genius will manage licensing and distribution of Tommy Chong brand cannabis products in California, as well as provide a variety of revenue-generating services, including: Bud Genius Labs will ensure Tommy Chong cannabis products meet stringent standards and maintain consistently high quality, serving as the quality control gateway for authorized cannabis products; Bud Genius will provide authorized cannabis collectives with approved Tommy Chong packaging and collateral, designed by the BG Brand Marketing Team; Bud Genius will directly distribute non-THC products, including smoking accessories, hemp-infused beverages, and other items to its current and future dispensary clientele, as well as traditional retail channels; Bud Genius will utilize their proprietary data collection system to build customer loyalty programs and retail business intelligence platforms for product refinements and charting consumer trends. The agreement for Bud Genius produces revenue on the licensing of Tommy Chong THC products, and on the distribution of Tommy Chong non-THC products.

The THC product distribution will occur only through authorized collectives and authorized farmers.