Cann-Is Capital Corp., a Canadian business that aids cannabis businesses raise capital, has purchased all outstanding equity of CWE European Holdings, a privately held Canadian holding business that sells CBD in German-speaking nations in Europe.
Cann-Is Capital did not disclose a obtain quantity.
CWE owns and operates six retailers in Germany via DCI GmbH, a wholly owned German subsidiary, and 1 shop in Luxembourg via CBD Wellness Europe. The retailers operate beneath the brand name Hanf and sell hemp-derived items such as CBD.
According to Cann-Is, CWE had 2018 net income of about $860,000 (CA$1.1 million), with a $152,000 net earnings (CA$203,000). Cann-Is Capital trades on the TSX Venture Exchange as NIS.P.
To study extra about the acquisition, click right here.
Subscribe to our Newsletter