New York (March 4th, 2013) - Green Innovations Ltd. (OTCQB:GNIN) announced that its wholly-owned subsidiary, Green Hygienics, Inc., has completed a category review process with Whole Foods Markets and has been approved for sale at their stores across the United States.
"We are very excited that several of our flagship products, including the new Clearly Herbal wipes, have been approved for regional optional sale at Whole Foods Markets across the country," stated Bruce Harmon CEO of Green Innovations.
Founded in 1980 in Austin, Texas, Whole Foods Market is the leading retailer of natural and organic foods and America's first national "Certified Organic" grocer.
Green Innovations Ltd. imports and distributes bamboo-based hygienic and household products under the Brand names Premium Formulation, Clearly Herbal, and Green & Soft.
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Medical Marijuana, Inc. (OTC Pink:MJNA) announced that its subsidiary, PhytoSPHERE Systems, LLC, has entered into an agreement to sell certain of its assets to CannaVEST Corp. (FCLS) for $35,000,000.
The assets sold to CannaVEST Corp. include certain equipment and inventory, web domain names, phone numbers, and all existing and pending agreements with hemp production and processing facilities. PhytoSPHERE also granted CannaVEST Corp. an exclusive license to use its brand names, logos and other "PhytoSPHERE" designations.
Under the terms of the Agreement for Purchase and Sale of Assets, CannaVEST Corp. will pay PhytoSPHERE $35,000,000 in five (5) quarterly installment payments commencing on January 31, 2013 and ending December 31, 2013.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets.
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