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Benzinga
Benzinga
Business
Jelena Martinovic

Day One Beverages Named Exclusive CBD Partner Of USA Pickleball Ahead Of Acquisition By 1933 Industries

Day One Pickleball USA Pickleball United States TGIF Nevada

Nevada-based cannabis consumer packaged goods company, 1933 Industries Inc. (CSE:TGIF) (OTCQB:TGIFF) announced on Wednesday that Day One Beverages, Inc. has been named the exclusive and "Official CBD Partner of USA Pickleball," America's fastest-growing sport, for a three-year term.

The news comes on the heels of 1933 Industries inking a binding letter of intent to acquire all shares of Day One Beverages Inc, known for its portfolio of CBD-infused sparkling water products, in an all-stock transaction. The closing of the transaction is anticipated on or around January 31st, 2022 and is subject to regulatory approval as well as other customary closing conditions.

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