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Elixinol to Acquire 100% of CannaCare Health

Press release content from Globe Newswire. The AP news staff was not involved in its creation. Elixinol to Acquire 100% of CannaCare Health Elixinol GlobalMarch 17, 2021 GMT Acquisition positions Elixinol as a leading pan-European CBD business and accelerates path to profitability Management to discuss transaction and provide business update at the Cannabis Investing Forum on March 18 WESTMINSTER, Colo., March 17, 2021 (GLOBE NEWSWIRE) Elixinol Global Limited (Elixinol or the Company) (ASX:EXL; OTCQB:ELLXF) is pleased to announce that it has entered into a binding agreement for its subsidiary (Elixinol B.V.) to acquire all of the issued share capital of CannaCare Health GmbH (CannaCare), a company incorporated in Germany (Proposed Transaction). The vendors of CannaCare are Mr Frank Otto, Ms Annette-Rosa Oplesch and an entity associated with Mr Michael Oplesch (Vendors). The Proposed Transaction is subject to the satisfaction of certain conditions precedent, the details of whic

Elixinol to Acquire 100% of CannaCare Health

Elixinol to Acquire 100% of CannaCare Health
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Morocco s Govt Ratifies Bill to Legalize Cannabis for Medical Use

Friday, 12 March, 2021 - 09:15 A farmer guards his plantation of cannabis in Morocco. Reuters file photo Rabat - Asharq Al-Awsat Morocco’s government ratified Thursday a draft law to legalize the medical use of cannabis. Parliament, however, still needs to give its final approval to the legislation. The draft law calls for the creation of a national agency to regulate the industry, and for the establishment of cooperatives that would grow “certified” cannabis plants. The move would “reconvert illicit” cannabis plantations into “legal and durable activities that generate jobs”, according to the text of the draft legislation. The vote over the issue had been delayed on two separate occasions due to the controversy surrounding it.

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