Turning Point Brands (TPB) Makes Strategic Investment in Cannabis Brand dosist

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Go back to Turning Point Brands (TPB) Makes Strategic Investment in Cannabis Brand dosist

Turning Point Brands Makes Strategic Investment into dosist™ A World-Class and Globally Recognized Cannabis Brand

October 27, 2020 7:30 AM EDT

LOUISVILLE, Ky., Oct. 27, 2020 /PRNewswire/ -- Turning Point Brands, Inc. ("TPB") (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products with active ingredients, today announced a $15 million strategic investment in leading global cannabinoid company dosist and an exclusive co-development and distribution agreement of a new national CBD brand, created in partnership with dosist's thc-free business unit. Additionally, TPB has an option to invest another $15 million at pre-determined terms within the next 12 months.

"The cannabis market is exploding and now is the opportune time to invest in the space and... More