Barney's Farm Genetics has confirmed that, effective immediately, the company no longer intends to complete a proposed merger with PowerPlant.
According to a spokesperson from Barney's Farm, the Company is walking away from the proposed partnership due to increasing consternation at PowerPlant's irregular approach to the partnership and their failure to meet their basic contractual obligations to Barneys Farm, including failure to transfer funding by contracted deadline dates. Barney's Farm also cited a troubling pattern of unreliable information propagated by members of PowerPlant's Board of Directors.
Barney's Farm is one of the world's most awarded and prestigious cannabis seed banks, founded and managed by Derry Brett.
"I have invested a lifetime of work and passion building Barney's Farm to become the world-renowned powerhouse of cannabis genetics it is today, establishing the trust of consumers and our global business partners along the way," said Brett. "Preserving that legacy and ensuring Barney's Farm will continue to deliver top quality products to our devoted and loyal customer-base is my highest priority. After observing how PowerPlant, Inc. conducts their business, I've determined definitively that exiting this proposed merger is the best way to protect those interests."
For more information:
Barney's Farm Genetics
barneysfarm.us/
