Sibannac, Inc. signed a heads-of-terms agreement to acquire Retail Cannabis Franchise Units throughout Ontario, Canada from Allstar Health Brands, Inc..
September 26, 2023
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Sibannac, Inc. (OTCPK:SNNC) signed a heads-of-terms agreement to acquire Retail Cannabis Franchise Units throughout Ontario, Canada from Allstar Health Brands, Inc. (OTCPK:ALST) on September 27, 2023. Further disclosures will be made as the deal advances toward a definitive agreement after the diligence period.
Sibannac, Inc. is engaged in creating and selling premium next generation wellness products in the consumer packaging goods space. The Company specializes in creating and selling premium Cannabidiol (CBD) products. In addition to mainstream supplements, the Company is producing Kratom and Hemp-derived Delta-8 THC products for wholesale and retail sales and distribution. The Company operates a food-grade facility that is fully cGMP compliant and is vertically integrated, with product design, manufacturing, sales and marketing. It provides contract manufacturing and white labeling services for independent firms and creates and manages its own brands from the concept phase through to distribution. It has opened its platform to outside clients to offer its marketing and brand-building assets, through its wholly owned subsidiary, The Campus Co., which provides services to wellness brands. Its consumer brands include Converse, Titleist, Coca-Cola, and Supercandy.
Sibannac, Inc. signed a heads-of-terms agreement to acquire Retail Cannabis Franchise Units throughout Ontario, Canada from Allstar Health Brands, Inc..
SIBANNAC, INC. 
