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Innovative Holdings Alliance, Inc. (OTC PINK:IHAI) announced a strategic Brand License Agreement with M2Bio Sciences Food and Beverage on March 14, 2023. This agreement allows IHAI Brands, Inc., a wholly owned subsidiary, to be the first licensee in the U.S. to market various CBD-infused products, such as Medspresso coffee, Liviana olive oil, and Dr. AnnaRx muscle rubs. The products will be sold via e-commerce, wholesale, retail, and through influencers. This partnership aims to enhance IHAI’s presence in the growing CBD market and reflects the company’s plan for U.S. distribution in 2023.
Institute of Biomedical Research Corp. (OTC Pink: MRES) announced the acquisition of biomedical and nutraceutical assets from Wuhan General Group (China), Inc. in an all-cash transaction. This strategic purchase includes four companies, enhancing MRES's business model and shareholder value. New CEO Jeff Robinson emphasizes the shared goals of innovation in healthcare. The company remains committed to transparency under OTC Markets and SEC guidelines. Current liabilities related to the acquired assets will also be assumed, which might influence MRES’s financial standing moving forward.