Colorado Cannabis Co. Expands In Europe Via New Acquisition, More Details Here
Portfolio Pulse from Jelena Martinovic
CBD of Denver, Inc. (OTC:CBDD) has acquired HOLISTICH GmbH, a Swiss-based company focused on cannabis tissue cultures. This acquisition will allow CBDD to access the European market, particularly in the DACH region (Germany, Austria, and Switzerland). HOLISTICH has a portfolio of over 240 cannabis strains and will add 30 new exclusive strains with the help of Luxora. The acquisition comes after Germany's cabinet approved marijuana legalization in August.
September 08, 2023 | 5:05 pm
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CBD of Denver's acquisition of HOLISTICH GmbH will expand its reach to the European market, potentially increasing its revenues. However, the company's shares traded lower at market close on Thursday.
The acquisition of HOLISTICH GmbH gives CBD of Denver access to the European market, which could lead to increased revenues. However, the company's shares traded lower recently, which may indicate investor uncertainty about the acquisition's immediate impact.
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