other material
confidence high
sentiment positive
materiality 0.60
CFN Enterprises acquires Colorado CBD manufacturing facility for 1M restricted shares
CFN Enterprises Inc.
- Purchased 26,330 sq ft building on 2.85 acres in Wray, CO from Kind Roots Botanicals for CBD extraction and manufacturing.
- Consideration: 1M restricted shares of CFN common stock; closing on April 29, 2022.
- Expects acquisition to increase overall CBD production by over 50% for its CNP Operating business.
- Shares issued under Section 4(a)(2) exemption from registration.