In 2019 we finalized the acquisition of Cosmetics By Design, Inc. (CBDI) in an all stock Share Exchange Agreement. CBDI is a start-up cosmetics company with 35 unique formulations of ‘better quality’ cosmetics formulated in Israel. The agreement was to acquire ten of the most popular formulations and to agree to add CBD to them. Additionally we received a two-year ‘First Right of Refusal’ to purchase the remaining 25 formulations. The company with Tony Panasuk as its President and CFO is actively involved in a number of specialty hemp companies including hybrid seed growing, farm properties, extraction facilities, hemp bioplastics manufacturers, and a number of other unique CBD and hemp companies, which we intend to acquire or do a Joint Venture with in the near term.
Hemp seeds for CBD and industrial uses
CBD & CBG production
CBDI’s exclusive cosmetics formulation containing CBD