UK: Kanabo creates Europe’s biggest public cannabis company with acquisition of Materia’s European business

Kanabo VapePod vaporizer

Kanabo Group, the first medical cannabis company to IPO on London Stock Exchange, has signed a non-binding term sheet to acquire the European business of Materia, a Canadian company. The acquisition is to be fully satisfied through the issue of Kanabo shares. Kanabo will also make a loan facility available to Materia amounting to C$2.5m…

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