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Cann-Is Capital Corp., a Canadian firm that helps cannabis firms elevate 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 by way of DCI GmbH, an entirely owned German subsidiary, and one retailer in Luxembourg by way of CBD Wellness Europe. The shops function underneath the model identify Hanf and promote hemp-derived merchandise together with CBD.

In accordance with Cann-Is, CWE had 2018 web income of about $860,000 (CA$1.1 million), with a $152,000 web revenue (CA$203,000). Cann-Is Capital trades on the TSX Enterprise Trade as NIS.P.

To learn extra in regards to the acquisition, click on right here.

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Classes: Briefs, Canada Hemp Information, Hemp Finance, Investing and Banking Information