This Holding Company Wants To Buy Psychedelics-Focused Enterprise And Natural Products Brand
Portfolio Pulse from Vuk Zdinjak
Panacea Life Sciences Holdings, Inc. (OTCQB:PLSH) intends to acquire Sierra Sage Herbs and Halucenex from Melodial Global Health. Sierra Sage has a wide distribution network across the US, including Whole Foods, Walmart, Amazon, and others. Halucenex is a life sciences development company focusing on researching novel psychedelic compounds. The acquisition will be based on 1X trailing 12 months audited sales of Sierra Sage, with a projected $2.0 million of the purchase price payable in cash and the balance in restricted common stock.

August 04, 2023 | 1:30 pm
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Panacea Life Sciences Holdings is planning to acquire Sierra Sage Herbs and Halucenex, which could potentially expand its product portfolio and distribution network.
The acquisition of Sierra Sage Herbs and Halucenex could potentially expand Panacea's product portfolio and distribution network. This could lead to increased revenues and market share, which could positively impact the company's stock price in the short term.
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