Fortium Holdings Corp (OTC: FRTM) announces that its subsidiary Elysian Premium Corp. has acquired 80% of Treehouse Company Inc. for $200,000, with plans to purchase the remaining 20% for an additional $200,000 pending regulatory approval. The acquisition includes two commercial cannabis dispensary licenses in California, facilitating Elysian's strategy to develop a luxury cannabis brand. This move aligns with Fortium's broader goal of creating vertically integrated operations in the cannabis sector. Elysian is also conducting market analysis for optimal license deployment.
Fortium Holdings Corp (OTC: FRTM) has launched a new subsidiary, Elysian Premium Corp, to tap into the luxury cannabis market. Elysian aims to be a multi-state operator (MSO) with a fully vertical integration strategy, covering cultivation, extraction, and retail. The company plans to pursue growth through licensing applications, acquisitions, and franchising. CEO Richard Horgan emphasized their commitment to generating stakeholder value and addressing increasing demand in the premium cannabis sector.