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

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…