A Canadian cannabis company has bought a Polish hemp firm to expand CBD production in Europe.
ICC International Cannabis Corp. announced Tuesday that it has acquired Polannabis Holdings, which includes a company that grows 850 acres of hemp and has licenses to extract CBD.
ICC said it has hired Israel’s Sababa Sciences to oversee its Polish expansion.
CEO Eugene Beukman said in a statement that the Vancouver company’s Polish acquisition “plants yet another ICC flag in the EU.” The company recently received a medical cannabis cultivation license in Greece.
ICC trades on the Canadian Securities Exchange as WRLD.