NewBridge Global Ventures, Inc. Announces Closing of Cannabis Education Asset Acquisition
Acquisition of Leading Cannabinoid Curriculum on Online Education Platform for Health and Wellness Practitioners
OREM, UT, March 08, 2018 (GLOBE NEWSWIRE) -- NewBridge Global Ventures, Inc. (“NewBridge” or the “Company”), (OTCQB: NBGV), a company focused on the emerging and dynamic legal and regulated cannabis industry, today announced that it has closed its previously announced acquisition (the “Acquisition”) of the assets of Elevated Portfolio Holdings, LLC (“Elevated") which offers medically focused education modules for physicians and clinicians as well as significant training regarding the body’s endocannabinoid systems and the use of cannabis for health and wellness.
Elevated Education, Inc., a wholly owned subsidiary of the Company, acquired the assets of Elevated in exchange for 2,000,000 shares of Company common stock. Elevated Education, Inc. will be managed by the current NewBridge management team as well as key members from Elevated.
“Elevated Education provides an important service through the training and education of medical professionals in the use of cannabis for health and wellness. We believe that education underlies all that we do and Elevated’s comprehensive curriculum and modular approach to this growing field sets them apart,” said Mark Mersman, Chief Executive Officer of NewBridge Global Ventures. “This acquisition also kicks off Newbridge’s corporate strategy to acquire industry leading companies in the regulated cannabis education, cultivation, manufacturing and distribution verticals. With additional growth and acquisition opportunities in the pipeline, we expect a strong year for Newbridge Global Ventures.”
About Elevated Education, Inc.
By educating physicians, clinicians, healthcare insurers, public servants, educators and cannabis industry professionals on proper, safe and effective applications for medical marijuana, Elevated Education empowers practitioners with the competence and confidence to educate their patients and students with healthier, more-effective treatments using CBD, hemp and cannabis derivatives. www.elevatededucation.net
About NewBridge Global Ventures, Inc.
NewBridge Global Ventures, Inc. is a US public company (OTCQB: NBGV) which provides business consulting services to companies operating within the legal medical cannabis and hemp related industries. In addition to Elevated Portfolio Holdings, LLC, current clients include an international medical cannabis cultivator and a distribution company focused on delivering best in class hemp oil and medical marijuana products. For more information, visit www.newbridgegv.com.
Statements about the expected timing, and all other statements in this press release, other than historical facts, constitute forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof and are based on current expectation and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those projected. A number of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments that may or may not materialize. This press release speaks only as of its date, and except as required by law, we disclaim any duty to update.
Contact for NewBridge Global Ventures, Inc. (OTCQB: NBGV) NewBridge Global Ventures, Inc. 626 East 1820 North Orem, UT 84097 U.S.A. Mark Mersman, Chief Executive Officer firstname.lastname@example.org Bob Bench, Chief Financial Officer email@example.com 801-362-2115Source: NewBridge Global Ventures, Inc.
Released March 8, 2018