BevCanna acquires online natural-products retailer for $4.6 million
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics September 8, 2020 MJ Shareholders 0
BevCanna, a white-label CBD drinks maker in Vancouver, British Columbia, has acquired an online company in an all-stock deal worth $4.6 million (CA$6 million).
The purchase of Naturally Pure Therapy Products Corp. brings the drinks maker access to new customers in the U.S., BevCanna said in a company statement.
“We see this as an excellent entry point into the burgeoning U.S. and the worldwide market,” John Campbell, chief strategic officer at BevCanna, said in the statement.
BevCanna will issue 30,000,000 common shares valued at 20 cents per share.
BevCanna grows cannabis on 298 acres and trades on the Canadian Securities Exchange as BEV.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.