F1SeedTech Acquiring NewBreedSeed, Creating the Global Leader in F1 Hybrid Cannabis Breeding

This synergistic transaction continues the consolidation and professionalisation of the cannabis market, thanks to the superior quality and cost performance of cannabis F1 hybrids. 

Harold Frazier, General Manager of NewBreedSeeds welcomes the merger, commenting, "This transaction complements the NBS team and will benefit new and existing customers. Our successful supply of F1 hybrids (cannabis and hemp) has led to fantastic customer loyalty."

While Maikel de Bresser, COO of F1SeedTech, adds, "We welcome this first step into North American markets. Our F1 hybrid seeds offer a superior alternative to today's starting material. Our seeds have an excellent reputation for the same high yield and greater quality/cost ratio seen in many agricultural crops like corn, sugar beat and vegetables."

Key Transaction Highlights:

About F1SeedTech

F1SeedTech is a Dutch R&D entity focussing on developing new F1 hybrid cannabis and hemp varieties.

Logo: https://mma.prnewswire.com/media/1914732/F1Seedtech_Newbreedseed_logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/f1seedtech-acquiring-newbreedseed-creating-the-global-leader-in-f1-hybrid-cannabis-breeding-301642675.html