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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, t ....

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