Acacia Diversified Holdings Subsidiary Acquires Processing License in Tennessee


CLEARWATER, Fla., Oct. 30, 2017 (GLOBE NEWSWIRE) -- Acacia Diversified Holdings, Inc. (OTCQB:ACCA), an emerging cannabis company, through its wholly owned subsidiary, Eufloria Medical of Tennessee, Inc. (“Eufloria”) is pleased to announce that Eufloria has secured a processing, manufacturing and retail sales license(s) in Tennessee. The acquisition of these licenses will allow Eufloria to conduct hemp-related business in Tennessee, as it moves forward in this new emerging hemp marketplace.

Eufloria will focus on the growing, manufacturing and development of new and proprietary medicinal hemp products for people of Tennessee, using the Company’s USDA certified, organic, mobile CO2 processing and handling solutions for its retail customers in the expanding nutraceutical market.

“We are excited to announce our newest subsidiary, Eufloria Medical of Tennessee, Inc. and the acquisition of our seven-acre farm south of Nashville. As a licensed, Tennessee grower, Eufloria intends to be fully operational by spring 2018 with retail operations opening as soon as December 2017,” said Richard K. Pertile, Acacia’s Chief Executive Officer, who has been overseeing the business of the Company since January 14, 2016.

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