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UK: Stillcanna's takeover of Sativa Group

Sativa Group, the UK’s leading quoted CBD wellness and medicinal cannabis group, made a recommended share-for-share offer by Stillcanna Inc. The transaction represents the first public takeover by a Canadian-listed entity of a UK company operating in the medical cannabis sector.

The merger of Sativa Group and Stillcanna will create a fully integrated ‘seed to consumer’ CBD wellness group.

Since its initial admission to AQSE, Sativa Group completed a series of acquisitions moving from being an investment company to the holding company operating five separate businesses in the CBD wellness sector, including the operation of online and physical retail stores selling CBD products, analytical hemp and CBD testing, and the distribution and manufacturing of THC medicinal cannabis for research purposes.

Read more at globallegalchronicle.com