In a shift in strategy, this %Cannabis company is pivoting toward the manufacturing, exact and concentrates market. And this new acquisition represents plug-and-play access to one of the most dynamic cannabis product markets on the planet.
%ECGIHoldings (), also known as Elite Cannabis Group, is a Nevada -based portfolio company pivoting into the legal cannabis and %Cannabinoid marketplace. In today’s press release the company announced the signing of a Definitive Agreement to acquire East West Pharma Group, Inc., a Wyoming corporation with specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space.
The agreement represents both industrial equipment that is designed to process very large volumes of industrial hemp as well as key personnel.
Shares were trading at $0.036 in morning trade.