California cannabis company Indus Holdings, Inc. has announced that it has acquired 70-percent of the issued and outstanding shares of Shredibles LLC in exchange for subordinate voting shares of Indus Holdings, Inc. The total transaction is valued at $240,000, based on the closing price of the company’s subordinate voting shares on June 11, 2019.
Shredibles, one of the first protein bars to infuse CBD oil with all-natural, vegan-friendly ingredients, are a handmade, healthy, post-workout alternative. Individual bars are infused with 20mg of CBD and are available in White Chocolate Macadamia, Peanut Butter Crunch and Dark Chocolate Blueberry Almond flavors.
Shredibles bars are popular beyond the traditional CBD-based retail market and are currently available in select gyms, yoga studios, grocery and health stores. Additionally, several notable athletes and artists have begun partnering with Shredibles through sponsorship and brand ambassador relationships.
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