Praetorian Global, Inc. (“Praetorian”), brand owner and leading intellectual property provider to the global cannabis and hemp industry, announced it has entered into a definitive agreement to acquire all the intellectual property “IP” assets of Oni Seed Co. (“Oni”). The asset acquisition will add the intellectual property portfolio behind the world-renowned and award-winning Oni brand and product offerings and pipeline to Praetorian’s already burgeoning stable of cannabis and hemp intellectual property, including the award-winning Binske cannabis brand.
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Oni is widely considered to possess the intellectual property behind the most flavor-forward, aesthetically pleasing, uniquely efficient, and highest yielding genetics in the cannabis and hemp industry. The company was founded in 2016 by breeder Nicholas Handler, who was joined in 2019 by Zachary “Doc” Victor, an industry veteran with over 25 years of large-scale cultivation experience.
Oni has been a hub of innovation and at the forefront of industry trends since its founding, responsible for creating and developing many of the industry’s most popular genetics that have boasted a library of over 300 genetics, including award-winning Trop Punch, Tropicana Cookies, Papaya, Wilson! Zero, Strawpicanna, Honey Bunny and Zahiti Lime. In addition, the Oni premium concentrates brand has historically focused on the solventless hash segment and has amassed significant patronage from cannabis connoisseurs from coast to coast.
“At Praetorian, we are committed to furthering our position as one of the world’s leading generators of cannabis and hemp related IP and continuing to introduce innovations that propel the industry forward,” continued Pasternack. “We believe genetic intellectual property represents the primary driver of innovation and consumer demand for the products sold in the marketplace and look forward to unlocking the full potential of Oni’s intellectual property and bringing their collective skills and experience to international markets over the coming months.”
As part of the acquisition, both Victor and Handler will join Praetorian as Director of Cultivation and Director of Genetics & Breeding, respectively.
“This is a perfect union of Praetorian’s business sophistication and acumen with Oni’s legacy cannabis culture. It will allow us the ability to bring Oni products to our fans across the country and beyond. I’m very excited for the next chapter,” said Handler.