World High Life will buy Love Hemp, which makes CBD topicals and edibles, for $11.23 million, the company announced Monday.
Love Hemp products are distributed in convenience stores and drugstores. World High Life said the acquisition would give it “strong exposure to the significant and growing CBD market in the UK and Europe.”
World High Life also announced a share placing to raise up to $6.21 million.
The company trades on the London NEX Exchange as LIFE.
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