Alternative Medicine Association will produce distillate and vape pens under the PLUGplay brand
() (OTCMKTS:TGIFF) has signed a 12-month licensing agreement with PLUGplay, a manufacturer of magnetic cannabis vaporizer cartridges.
Under the terms of the deal announced Thursday, 1933 subsidiary Alternative Medicine Association will manufacture distillate and vape pens under the PLUGplay brand to distribute in Nevada.
READ: 1933 Industries wins rights to The Original Jack Herer brand of cannabis products in Nevada
PLUGplay makes a unique line of cartridges with proprietary magnetic pods and long-lasting batteries.
"PLUGplay only partners with cultivators and processors that meet extremely high standards in cultivation and manufacturing and we share the same vision,” 1993 CEO Chris Rebentisch said in a statement. We strictly follow regulations and standards outlined by the State of Nevada and offer our partners an advanced cultivation facility, superior strains, precise extraction services, consistent products and distribution in the state.”
1993 stock fell 2.7% to C$0.36 Thursday on the CSE but rose 1.1% to US$0.28 on OTC Markets.
—Updated to include stock movement—
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel
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