- CannaPharmaRx ( OTCPK:CPMD ) to acquire LTB Management, an e-commerce financial platform company utilized to support online sales for a variety of products.
- The company will aid in accelerating sales for CannaPharmaRx in Israel and Europe.
- LTB has direct experience developing online website applications for medical cannabis deliveries for pharmacies, distributors and producers. It had revenues of ~$3M in 2022 and the number is expected to rise to over $5M in 2023 as new products, including cannabis, are added to their platform.
- The deal is expected to close during February. Upon closing, revenue can begin to be immediately booked.
For further details see:
CannaPharmaRx to acquire LTB Management