Solanbridge Group Inc. (OTC: SLNX) has purchased a majority interest in Buzznbrewz.com Colorado Inc., an online retailer for beer brewing kits and medical marijuana.
Terms of the deal remain undisclosed.
Houston-based Solanbridge first approached Colorado-based Buzznbrewz.com in early July with the intent of buying 80 percent stake, the company states.
Buzznbrews, while known for primarily beer, also markets electronic cigarettes, t-shirts and coffee. Solanbridge hopes to use the website as a destination to market medical marijuana as well on the heels of Colorado legalizing the substance for recreational use.
According to Solanbridge managing director Charles Shirley, David Pecoraro, founder of Buzznbrewz.com, is slated to join the company.