Final Bell Holdings International Ltd. Announces Sale of Final Bell Corp.

Final Bell Holdings International Ltd. ("Final Bell") has announced a binding agreement to sell all shares of its U.S. subsidiary, Final Bell Corp., and its subsidiary, Westside Caregivers Club, LLC, to Vassar Wellness Enterprises LLC ("Vassar"). Completion of the sale is contingent upon regulatory approvals and customary closing conditions.

This transaction sees Final Bell exiting the plant-touching manufacturing business segment in Canada and the US. The company aims to reposition itself as a leader in product, brand, and process innovation within the global cannabis market.

Following the sale, Final Bell's subsidiaries have entered into service and royalty agreements with Vassar. This ensures continued manufacturing of its brands, dosist ™ and Animal ™, at the FB California facility along with other key brands like Cookies ™. This marks FB California as the third facility managed under Final Bell's "Cannabis as a Service" model.

CEO Robert Meyer noted the sale as a crucial step in Final Bell's strategic reboot, positioning the business for its next growth phase and moving towards an asset-light, IP-driven model.

Co-founder Jeremy Green emphasized the transaction as reinforcing their strategy, enabling focus on product innovation, manufacturing efficiencies, and brand expansion into new markets.