Elixinol Global has signed a binding agreement to acquire German CBD company CannaCare for an upfront consideration of €3m in cash and €6m in Elixinol shares.

A second earnout payment up to a maximum of €15m in Elixinol shares will become payable in March 2022, based on CannaCare achieving revenue and profit targets.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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