BevCanna acquires online natural-products retailer for $4.6 million

BevCanna, a white-label CBD drinks maker in Vancouver, British Columbia, has acquired an online company in an all-stock deal worth $4.6 million (CA$6 million).

The purchase of Naturally Pure Therapy Products Corp. brings the drinks maker access to new customers in the U.S., BevCanna said in a company statement.

“We see this as an excellent entry point into the burgeoning U.S. and the worldwide market,” John Campbell, chief strategic officer at BevCanna, said in the statement.

BevCanna will issue 30,000,000 common shares valued at 20 cents per share.

BevCanna grows cannabis on 298 acres and trades on the Canadian Securities Exchange as BEV.

One comment on “BevCanna acquires online natural-products retailer for $4.6 million
  1. CBD Canada on

    Hi there! Thank you for a very informative article. In my opinion, it is very important to use products of natural origin. I have been using CBD oil for a long time and I recommend it to my friends. It has many benefits and you can use it in different ways. For example, I use CBD oil during stress to calm down. Sometimes when I can’t sleep, I use CBD oil. I advised my mom CBD mom to reduce joint pain. I also read that it helps with Alzheimer’s disease, but so far I can not share my experience. However, it is very important to consult a doctor before using CBD oil.

    Reply

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