BellRock Brands Inc. (OTCEM:DXBRF) (CSE:BRCK.U) entered into an agreement in principle for one of its U.S. subsidiaries to purchase JRMI27, LLC, a medical and adult use marijuana product manufacturer located in Jackson, Michigan, subject to approval by Michigan's Cannabis Regulatory Agency and applicable local agencies.

BellRock's flagship brands, Dixie Brands and Mary's Medicinals, currently enjoy a presence in Michigan under a licensing agreement with JRMI27, but the acquisition of the license by the subsidiary of the company, if approved, will offer BellRock a lasting presence in the Michigan market.

"The agreement to acquire JRMI27 is a product of BellRock's focused efforts to build and ultimately control the company's brands and growth initiatives in both the country's emerging and most established markets," stated Brian Jansen, CEO of BellRock. "This is yet another step by BellRock towards its goal of being a national industry leader and the premier cannabis house of brands."

Management changes

Chairman of the board of directors, Andrew …

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