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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Jun. 5, 5:11 PM

Slide #25. Cannara Biotech Inc. shopCBD.com

Acquirer: Cannara Biotech Inc. (LOVFF)
Acquiree: shopCBD.com
Details: Cannara Biotech Inc. ("Cannara" or the "Company") (CSE: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an emerging vertically integrated cannabis company focused on indoor cultivation, processing and sale of premium dried cannabis and cannabis derivative products, is pleased to announce that it has entered into a proposed share exchange agreement dated May 26, 2020 among the Company, Global shopCBD.com Inc. ("Global") and the shareholders of Global (the "Exchange Agreement"), pursuant to which, the Company will acquire all of the issued and outstanding shares of Global (the "Proposed Transaction") that it currently does not own. The Company currently owns 61.23% of the outstanding common shares of Global.

  Cannara Biotech Inc.: LOVFF
  shopCBD.com: PRIVATE
 

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June 5, 2020    5:11 PM Eastern
Quotes delayed 20 minutes



Buy (3.43 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)
Based on Zacks ABR data;
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