Cann-Is Capital Corp., a Toronto-based agency that helps cannabis companies elevate capital, has purchased all excellent fairness of CWE European Holdings, a privately held Canadian holding firm that sells CBD in German-speaking nations in Europe.

Cann-Is Capital didn’t disclose a purchase order quantity.

CWE, primarily based in Calgary, Alberta, owns and operates six shops in Germany by means of DCI GmbH, an entirely owned German subsidiary, and one retailer in Luxembourg by means of CBD Wellness Europe. The shops function underneath the model identify Hanf and promote hemp-derived merchandise, together with CBD.

In line with Cann-Is, CWE had 2018 internet income of about 1.1 million Canadian {dollars} ($860,000), with a internet revenue of CA$203,000. Cann-Is Capital trades on the TSX Enterprise Trade as NIS.P.

To learn extra concerning the acquisition, click on right here.

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