Furthermore, the Company has changed its name to
Mr.
Messrs. Witt and Hintz are both highly experienced executives with strong sales, marketing, operations, and regulatory experience in the German cannabis industry, having previously worked with
Greenrise Global helps Germans benefit from the wellbeing benefits of cannabis through its CBD wellness and medical cannabis businesses.
Greenrise Wellbeing is a CBD wellness company whose brands include Herbify and CANAVEX®. Herbify is a CBD-based cosmetics and wellness product which will be sold in retail and online (www.herbify.de). CANAVEX® is a therapeutic CBD cosmetic brand sold exclusively in German pharmacies (www.canavex.de).
Greenrise Wellbeing will be launching additional brands for vapes, liquids, topicals, and cosmetics as the CBD market develops, accompanied by unique and innovative multi-channel content and social media marketing strategies.
AMP's focus is to meet the patients' needs by ensuring a broad range of cannabis medication products are available in pharmacies across
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Mr.
Transaction Highlights
- The Company has issued 4,290,000 common shares valued at
C$1,458,600 orC$0.34 per share for the purchase ofGreenrise GmbH to Messrs. Knopp, Witt and Hintz's German holding company, resulting in the executives indirectly owning 12% of the Company, post-acquisition. The shares will be subject to an escrow hold period. - The Canadian Securities Exchange (the "CSE") will publish a bulletin announcing the effective date of the change in the Company's name, and it is anticipated that the common shares of the Company will commence trading under its new name of "
Greenrise Global Brands Inc. " on or aboutMonday, November 8, 2021 , subject to approval from the CSE. - The Company's trading symbol on the CSE will not change. The CUSIP and ISIN numbers will change to 39540L108 and CA39540L1085, respectively.
The Frankfurt Stock Exchange will announce its new trading symbol forGreenrise Global Brands Inc. in due course.
About
Greenrise Global helps Germans benefit from the wellbeing benefits of cannabis. Greenrise Global is a publicly listed Canadian incorporated company with a representative office in
For more information about Greenrise Global, please visit www.greenriseglobal.com.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and milestones and the timing thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances unless otherwise required to do so by law.
SOURCE
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