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.
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—
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