Legalizing the emerging multi-billion dollar CBD and cannabis market has accelerated the rate at which many companies are taking advantage of it. As a result, there have been extraordinary and enormous expansion opportunities and mergers. EXMceuticals Inc. (CNSX: EXM) has picked on the latter. The emerging bio-sciences company has partnered with Global Cannabinoids (GC) through a definitive business combination agreement. GC, a US-based online platform for producing and distributing hemp and cannabinoid-based products, will put in up to C$6.0 million capital to accelerate the Business Combination, which will function under GC’s corporate name.
The coming together of these giants will bring together their respective assets and liabilities, and this serves as an indicator that there is still room to grow further. EXM will hold approximately 33% of Global-EXM, while the GC members will take nearly 66% of Global-EXM. The arrangement and transaction have the unanimous approval of the Board of Directors of EXM, and the GC members have and should close before the end of the year.
Over the last three years, GC has made remarkable footprints in the US markets both in Hemp products and material customer roster distribution. And with EXM on board, the company is eying global expansion and EXM’s existing Portugal hub.
“The combination with GC is clearly a transformational transaction for EXM. The enlarged Global Cannabinoids will benefit from an accelerated expansion into European distribution…,” Jonathan Summers, the CEO of EXM, noted.
EXM’s Membership to the Portuguese Association of the Pharmaceutical Industry – APIFARMA
In late 2019, EXM cancelled its plans for in-house cannabis cultivation. Instead, the company redirected its focus in Portugal on R&D, extraction, purification, refining, and formulation. This has since paid off, given after an extensive diligence period of persistence and thoroughness, EXM is officially a member of APIFARMA. The remarkable milestone is in addition to the recent landmark grant for COVID research from the European Union to the pure bio-sciences company.
The Association stands for innovation, promotion of resilient regulatory systems, and maintaining high-quality standards. It is also an advocate of sustainable health policies.
The Green Organic Dutchman Holdings (OTC: TGODF) Releases an Update on its Canadian Securities Exchange Listing
Post Views: 4 The Green Organic Dutchman Holdings (OTC: TGODF) is a top producer of organically-grown, premium certified marijuana, and it...
Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Announces the Resignation of One of Its Directors
Post Views: 55 Next Green Wave Holdings Inc (OTCMKTS: NXGWF) recently announced that a Director had resigned from this position. The...
AFC Gamma Inc (NASDAQ: AFCG) Increases Quarterly Dividend by 13.2% per Share, and the Group Expands its Senior Secured Credit Facility with Devi Holdings, Inc. by $30 Million
Post Views: 26 AFC Gamma Inc (NASDAQ: AFCG) recently announced a dividend for the quarter ending September 30, 2021. The...
TerrAscend Corp (OTCMKTS: TRSSF) Acquisition of Gage Cannabis Receives Pre-Qualification Approval
Post Views: 53 TerrAscend Corp (OTCMKTS: TRSSF) is a leading cannabis operator based in North America that recently announced it had...
Jushi Holdings Inc (OTCMKTS: JUSHF) Opens 15th Store in Pennsylvania, Acquires Nature’s Remedy, and Announced Launch of Flower Brands
Post Views: 2 Jushi Holdings Inc (OTCMKTS: JUSHF), through its subsidiary, Franklin Bioscience – SE LLC. BEYOND / HELLO™ Colwyn...
FinCanna Capital Corp (OTCMKTS: FNNZF) Set to launch its “Big Fish” Cannabis-Based Edibles Brand
Post Views: 3 FinCanna Capital Corp (OTCMKTS: FNNZF) is an investment corporation for the United States licensed cannabis market that recently...