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Benzinga

Business

Nina Zdinjak

1933 Industries To Buy CBD-Infused Day One Beverages Producer, Targeting 'Health-Conscious Social Consumers'

Day One TGIF Company

Cannabis consumer packaged goods company 1933 Industries Inc. (CSE:TGIF)(OTCQB:TGIFF) confirmed Tuesday that it has signed a binding letter of intent to acquire all shares of a Day One Beverages Inc in an all-stock transaction. Day One is known for its portfolio of CBD-infused sparking water products.

"Our brand promotes a positive message that resonates with a large consumer audience that understands and embraces the benefits of CBD and want a zero-calorie, unsweetened beverage, at the right price point and delivered in a way that connects with people," Chris Clifford, founder and CEO of Day One Beverages stated.

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