VANCOUVER, BC / ACCESSWIRE / September 16, 2019 / Codebase Ventures Inc. (“Codebase” or the “Business”) (CODE.CN)(C5B.F)(BKLLF), an investment enterprise, right now announces that its subsidiary, Code Cannabis Investments, has produced a strategic investment in Globe Higher Life PLC (London NEX: LIFE), an investment enterprise focused on CBD wellness and medicinal cannabis in the UK and Europe.
“We see the UK marketplace for CBD and medicinal cannabis getting exactly where Canada was five-7 years ago,” stated Mr. Zach Stadnyk, President of Code Cannabis Investments. “Our general vision is to discover early stage investments in this space and drive outcomes for our shareholders, deploying our practical experience and relationships. Our view that the UK is ripe for such investment is getting corroborated by the interest shown by more important Canadian cannabis organizations such as Aurora and Supreme. In addition to the UK, this investment gives our shareholders with future exposure to the European CBD and cannabis marketplace general, which we anticipate will be bigger than North America.”
- UK CBD marketplace at present expanding at double digits, anticipated to be roughly 1 billion pounds by 20251
- Medicinal cannabis estimated to be worth 58 billion euros by 2028 in Europetwo
- Assistance for legalization of cannabis increases from 47% amongst total UK population to 75% amongst previous year CBD customers1
Code is generating up to a $four million (CAD) investment in Globe Higher Life PLC, an investment enterprise with a strategic concentrate to invest in and/or obtain organizations in the CBD wellness and medicinal cannabis market. Globe Higher Life PLC will be applying practical experience its leadership has attained at the forefront of the legalized cannabis market in North America, leveraging established models for accomplishment in the CBD wellness and medicinal cannabis market. Code will grow to be a single of the biggest shareholders of Globe Higher Life at this stage, as it seeks investments in the space with liquidity and powerful income development.
About Codebase Ventures Inc.
The Company’s mission is to make strategic investments in emerging sectors and markets, which includes cannabis and technologies such as blockchain and cryptocurrencies, exactly where revolutionary enterprise models and technologies have the possible to be transformative and provide the greatest worth to shareholders.
Codebase Ventures Inc. is a hands-on group of entrepreneurial and technologies specialists who invest early in good tips. The Business operates from the understanding that emerging sectors which includes cannabis and technologies are evolving swiftly, bringing early possibilities for strategic investments that can provide the exponential returns to shareholders.
Neither the Canadian Securities Exchange nor its Regulation Solutions Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts duty for the adequacy or accuracy of this release.
For additional data, please speak to:
Brian Keane, Director
Phone: 1 (778) 806-5150 – TOLL Totally free (877) 806-CODE (2633)
E-mail: [email protected]
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