Radiko Holdings, a leading cannabis-focused company, has announced on Monday May 11, 2020 that the company has successfully completed its transaction with Nevada-based BioNMeva Innovations of Carson City.
According to the details released by the company, BioNeva is a leading cannabis cultivator that holds cannabis cultivation licenses of both recreational and medical marijuana. The company has got the fully operational facility of one acre of leased land from outside and 8,250 f ft2 for indoor cannabis cultivation. The facility is equipped with the highly efficient auxiliary lighting systems, roof glazing material can canopy of 4,000 ft2.
Chief Executive Officer of the Radiko Holdings, Steve Gormley said, “This transaction adds significant enterprise value, and furthers our corporate development strategy of acquiring select, highly-profitable value chain investments to facilitate brand growth, enhance margins and bolster cash flow. We appreciate the patience of our shareholders as we worked to finalize this transaction amid COVID-19, and we look forward to reporting our progress as we execute our plan.”
Holder and Director of BioNeva Innovations of Carson City, Bob Yosaitis said, “I am extremely pleased that Radiko and BioNeva are able to join forces and create broader opportunities for both organizations. The Radiko team has extensive cannabis experience and the expertise to build successful operations for both the Carson City [BioNeva] and Washoe locations, and the addition of cultivation should contribute significantly to overall earnings and provide a valuable platform for Radiko’s portfolio of brands.”
About Radiko Holdings:
Radiko Holdings is a cannabis-focused company that offers the best commercial products to compliment the consumer’s lifestyles. The company’s mission is to market and build a wide range of cannabis-based products to support EBITDA. The company markets its products with permitted THC content for medical and recreational use.