Toronto-based Ramm Pharma Corp. acquired HemPoland from The Green Organic Dutchman Holdings for 1.2 million Canadian dollars ($910,000) in cash.
In a news release, Ramm said the acquisition provides access to HemPoland’s “distribution network, recognized premium brands, hemp oil extraction technologies, and an additional synergistic foothold into the European market.”
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This is the second move by Ramm into Europe, following its acquisition of Sicily, Italy-based Canapar Corp. in 2021.
The Green Organic Dutchman – also known by its ticker symbol on the Canadian Securities Exchange, TGOD – had been trying to unload the subsidiary for months.
The sale is the latest asset to be sold by a Canadian licensed producer for significantly under cost.
In 2018, Mississauga, Ontario-based TGOD agreed to buy HemPoland, a promising business based in Elblag, Poland, for CA$20.4 million in cash and stock.
At the time, the Canadian company said it planned to
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