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

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

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

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