Cannabis Wheaton Invests in Uruguay CBD Operation | CashCropToday
0 Shares 88 Views

Cannabis Wheaton Invests in Uruguay CBD Operation

January 31, 2018
88 Views

Cannabis Wheaton (TSX: CBW) announced yesterday plans to invest $15 million dollars to acquire 80% of Uruguaya based company Inverell, who produces high CBD industrial hemp and low THC cannabis in the country’s capital. The transaction will also include $2 million in cash, plus an additional $3.5 million worth of shares in Cannabis Wheaton to Inverell.

Over the past few months, we have seen multiple companies in the cannabis and industrial hemp Canadian public sector expand their operations internationally. Inverell owns one of the many licenses in Uruguaya to grow specific strains of hemp and one other low THC strain of cannabis since the country became the first country to fully legalize last year.

Inverell is currently growing the strains on about 40 acres of land and has an additional 1,420 acres available for additional production.

You may be interested

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California
Growers
4 views
Growers
4 views

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California

Sam Rosenberg - May 24, 2018

Med Men Enterprises has begun construction on a large scale cultivation and manufacturing facility in Desert Hot Springs, California. The new facility is expected to become operational…

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today
Market Watch
4 views
Market Watch
4 views

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today

Sam Rosenberg - May 24, 2018

Canopy Growth Corporation (TSX: WEED) announced this morning that the company is expected to begin trading on the New York Stock Exchange (NYSE) this morning under the ticker…

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis  Businesses
Politics
7 views
Politics
7 views

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis Businesses

Sam Rosenberg - May 23, 2018

Colorado has just passed a House Bill 18-1011 which will allow publicly trade companies in the U.S. to invest and hold medicinal or recreational cannabis cultivation, processing,…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: