C21 Expands Oregon Operations, Acquires Swell Companies Limited – Markets Insider

VANCOUVER, July 9, 2018 /CNW/ – C21 Investments Inc., (CSE: CXXI) (the “Company” or “C21“) is pleased to announce a strategic partnership and investment of expansion capital into Swell Companies Limited (the “Swell”), one of the most recognized and respected cannabis extraction and consumer packaged goods companies in Oregon.

Operating since 2015, Swell has demonstrated a commitment to quality, consistent innovation, and execution at scale with some of Oregon’s most recognized brands. Swell manufactures and distributes over 50 unique SKUs, with products available statewide in over 275 licensed retail locations. In 2017, the company shipped over 500,000 product units within Oregon and anticipates more than doubling product units shipped through existing sales channels in 2018.

Pursuant to the signed term sheet (the “Term Sheet“), C21 will acquire 100% of Swell’s membership units (the “Acquisition“) and has agreed to invest new capital to expand Swell’s manufacturing, branded product, and wholesale operations. The partnership will strengthen C21’s competitive position in Oregon and in nationwide through access to Swell’s highly-skilled technical expertise and established brand. This acquisition will also support the continued growth

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