Pyramidion Technology Group, Inc. (OTC: “PYTG”), today announced the execution of the closing of the acquisition of NxGen Brands, LLC (“NxGen”) of Denver, Colorado. PYTG officially owns NxGen operations, brands, marketplace and is currently now a subsidiary of Pyramidion Technology Group, Inc.
NxGen Brands, established CBD alternative medicine and natural nutraceutical products, owned, and is doing business as, LeafyWell (http://www.LeafyWell.com). PYTG’s acquisition of NxGen Brands includes the acquisition of LeafyWell and there have been reports of significant additions to the company’s advisory board to now include experienced medical professionals to serve active roles in shaping the company’s direction and product lines.
LeafyWell (http://www.LeafyWell.com) produces a broad selection of Cannabidiol a (CBD) containing products such as tinctures, oils, creams and lotions, and edible gummy candies and seeks to expand its product lines. The advisory board for PYTG now includes members of the medical community representing a variety of specialty medical fields such as family medicine, cardiovascular medicine, as well as a recent addition of a Fellow of the American College of Surgeons (FACS), just to name a few.
CEO of PYTG, Carlos Hurtado, states “We are excited to announce to the public today the official closing of the acquisition of NxGen Brands, LLC and especially the acquisition of LeafyWell along with the CBD containing product lines. We feel that we are right on schedule with the acquisition with our letter of intent filed earlier this summer and our acquisition closing now in October. Everything looks to be lining up exactly as we set out.”
About Pyramidion Technology Group, Inc
Pyramidion Technology Group, Inc. (“PYTG” or the “Company”) is best described as a business incubator. The purpose of our business model is to leverage equity, to acquire, merge and or joint venture with early stage companies in emerging sectors, to facilitate growth and cash flow utilizing a diverse distribution method.
Our intention is to develop and acquire fast growing companies in up-trending industries and positioning technology for economic growth. This platform will combine natural relationships, marketing synergies and distribution methods that enable combined companies to provide a wide variety of unique and complete solutions, services and necessities to consumers. We believe our overall business model could effectively create a company of unlimited opportunities for our growing shareholder base.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/PYTG/filings.
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