AGFAD - Global Cannabis Company Sells Its European Platform | Benzinga
Cannabis company Digicann Ventures Ltd. (CSE: DCNN) (OTCPK: AGFAD) signed and closed the sale of the shares of AgraFlora Europe GmbH to an arm’s length third party for gross cash proceeds of €500,000 ($529,675).
AgraFlora Europe was set up to be a commercial platform for the import, storage and wholesale distribution of cannabis products and ancillary products for medicinal purposes.
The German limited liability company held:
- 100% of the shares in Farmako GmbH, a company having its registered office located in Frankfurt, Germany.
- 100% of the shares in Farmako Genetics GmbH, a company with its registered office located in Frankfurt, Germany, and
- 100% of the shares in ...