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Pivot Pharmaceuticals closes ERS Holdings acquisition

Pivot Pharmaceuticals Inc. closed its acquisition of privately held ERS Holdings LLC.

California-based ERS Holdings has developed Ready-To-Infuse-Cannabis, a patented technology for converting cannabis oil to powder for addition into food and beverage products.

After the completion of the deal, Patrick Rolfes was appointed the president of ERS Holdings, where he will focus on monetizing the intellectual property held by the company.