October 21, 2016
Viridis Energy Inc. has closed on the sale of the Okanagan Pellet brands to American Biomass Corporation Inc., a leader in wood pellet distribution.
The sale includes all international trademarks, domain names, and other assets associated with the brand. The purchase, by American Biomass Corporation is on an earn out basis and will depend on the volume sold in the year following closing.
“Okanagan Pellets have been extremely popular with our retailers and consumers alike,” said Christopher Robertson, CEO of Viridis Energy. “We are very pleased that American Biomass can now build on that history with the successful transition of Okanagan to them.”
Viridis Energy is a publicly traded, “Cleantech” manufacturer and distributor of renewable energy providing wood pellet biomass to global residential and industrial markets.