Smoke Cartel, Inc. (OTCPK:SMKC) agreed to acquire Online Distribution Platform of KushCo Holdings, Inc. (OTCPK:KSHB) for $1.6 million on September 21, 2018. Smoke Cartel issued an aggregate of 1.410415 million shares as part of consideration. As stipulated in the agreement, KushCo will transfer ownership of all Roll-Uh-Bowl assets, including inventory, branding materials, the website and social media, in exchange for shares of Smoke Cartel valued at $1.5 million plus the value of inventory. Josef Volman, of Burns & Levinson LLP acted as legal advisor to KushCo Holdings, Inc. and Charles J. Bowen of The Bowen Law Group acted as legal advisor to Smoke Cartel, Inc.

Smoke Cartel, Inc. (OTCPK:SMKC) completed the acquisition of Online Distribution Platform of KushCo Holdings, Inc. on November 8, 2018.