Cann-Is Capital Corp., a Canadian firm that helps cannabis corporations increase capital, has purchased all excellent fairness of CWE European Holdings, a privately held Canadian holding firm that sells CBD in German-speaking international locations in Europe.
Cann-Is Capital didn’t disclose a purchase order quantity.
CWE owns and operates six shops in Germany via DCI GmbH, an entirely owned German subsidiary, and one retailer in Luxembourg via CBD Wellness Europe. The shops function below the model identify Hanf and promote hemp-derived merchandise together with CBD.
In accordance with Cann-Is, CWE had 2018 internet income of about $860,000 (CA$1.1 million), with a $152,000 internet earnings (CA$203,000). Cann-Is Capital trades on the TSX Enterprise Alternate as NIS.P.
To learn extra concerning the acquisition, click on right here.
Subscribe to our E-newsletter