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Ultimate Sports Inc. (OTC: USPS) reports Sannabis-related developments in the legal cannabis and industrial hemp market, with company announcements centered on Colombia-based medicinal cannabis, cannabis essential oil, terpene products, and hemp-derived construction materials. News items also address Colombian regulatory frameworks for medical cannabis distribution, export documentation, and product categories intended for wellness, pharmacy, and industrial applications.
Updates also cover public-company status, including OTC Markets current information status and corporate name-change disclosures associated with the Sannabis identity, as well as operating and regulatory developments tied to cannabis and hemp commercialization.
Ultimate Sports, Inc. (OTC: USPS) has signed an acquisition agreement with Sannabis S.A.S., a leader in Colombia's cannabis market. This move aims to capitalize on the growing demand for cannabis products, targeting Colombia's 52 million citizens and international markets. Sannabis, known for its medical marijuana products, will introduce new offerings and expand into the U.S. Sannabis holds all four cannabis licenses, supporting its operational capabilities. The acquisition is expected to bolster USPS's market position and facilitate entry into the burgeoning cannabis sector.
Sannabis is preparing for the legalization of Adult Use Cannabis in Colombia. In a move to enhance its market reach, Sannabis S.A.S. is being acquired by Ultimate Sports, Inc. (OTC: USPS). The company has signed an agreement with Human Fine, which will prescribe Sannabis' CBD Magistral Formula at its health clinics. Sannabis is among the few Colombian firms with a Magistral Formula for cannabis medicine. The company holds all four necessary cannabis licenses and is set to become the only Colombian-controlled cannabis entity trading in the U.S.
Ultimate Sports, Inc. (OTC: USPS) is negotiating to acquire Sannabis S.A.S., a Colombian cannabis company holding key licenses for cannabis production. The acquisition aligns with USPS’s strategy to integrate Sannabis products into its men’s health services. Sannabis has a growth plan that includes franchising its cannabis wellness centers across Colombia. View Systems, Inc. (OTC: VSYM) is transitioning its stake in Sannabis to USPS following a Memorandum of Understanding. This acquisition could enhance USPS's product offerings and market reach in the expanding cannabis sector.