MJBizMag October 2022 - 15

COMPANY NEWS
Stock Exchange Fines U.K.
CBD Maker, Halts Trading
British CBD maker Love Hemp
Group was fined $118,347 (100,000
pounds) by the London-based
Aquis Stock Exchange for
misleading investors by announcing
a capital raise of $2.36 million that
was not completed.
The exchange also suspended the
trading of Love Hemp stocks and
gave the company the option to
pay a reduced penalty as an " early
settlement. "
Love Hemp said it agreed to pay
$81,000 " to resolve this matter. "
TGOD Sells HemPoland
to Ramm Pharma
Toronto-based Ramm Pharma Corp.
acquired HemPoland from The
Green Organic Dutchman Holdings
(TGOD) for $910,000 in cash.
Ramm said in a news release that
the acquisition provides access to
HemPoland's " distribution network,
recognized premium brands, hemp
oil extraction technologies and ...
foothold into the European market. "
This is the second move by Ramm
into Europe, following its acquisition
of Sicily, Italy-based Canapar
Corp. in 2021.
Mississauga, Ontario-based TGOD
agreed to buy HemPoland in 2018
for $7.75 million in cash and stock.
Aurora Cannabis Buys
Vegetable Firm, Sells
Sky Greenhouse
Aurora Cannabis is diversifying
into the vegetable propagation and
ornamental flowers business amid
a massive marijuana glut in Canada
by acquiring a controlling interest
in Bevo Agtech, one of the largest
suppliers of flowers and vegetable
seedlings in North America.
Edmonton, Alberta-based Aurora
paid $35 million in cash for 50.1% of
Bevo, according to a news release.
Another $12 million in Aurora stock
could be paid, conditional on Bevo
achieving certain financial targets.
Bevo also agreed to buy Aurora's
sprawling greenhouse complex at
Edmonton International Airport for
up to $19 million.
Have a company announcement you
want us to consider? Send a news
release or general information to
magazine@mjbizdaily.com.
(Note: We're looking for news
about expansions, financing,
deals, partnerships and similar
developments, not product-related
announcements.)
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MJBizMag October 2022

Table of Contents for the Digital Edition of MJBizMag October 2022

MJBizMag October 2022 - 1
MJBizMag October 2022 - 2
MJBizMag October 2022 - 3
MJBizMag October 2022 - 4
MJBizMag October 2022 - 5
MJBizMag October 2022 - 6
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