Cannara to Issue 23 million shares to shop CBD shareholders Just wanted to ask all of you what you think about Cannara buying the rest of shopcbd?
Under the deal, the Vancouver-based company agreed to fully acquire its subsidiary, whose 61.23% of the outstanding shares it already owns.
In exchange, Cannara will issue over 23.2 million common shares to shopCBD shareholders at 10 cents per share.
Global operates within the U.S. Hemp CBD market, offering its products via an e-commerce platform. Its value is estimated at $6 million.
Cannara said there are no guarantees regarding the completion of the proposed transaction, highlighting it remains subject to specific closing conditions.