CBD of Denver, Inc. (OTC Pink: CBDD) has closed the acquisition of HOLISTICH GmbH, a Swiss-based company with a location in Vienna, Austria with a focus on cannabis tissue cultures offering cannabis production facilities high-quality cannabis clones.

What Happened

HOLISTICH has an existing wholesale distribution and clone business that will immediately add revenues to Luxora.

In August, CBDD announced the acquisition of LUXORA Holding AG, which imports and distributes North American CBD flower throughout Europe. CBDD has created a new subsidiary, LUXOA LLC, to combine its wholesale CBD flower business with LUXORA Holding AG's.

Why It Matters

This is an important step forward for the whole group as this acquisition represents an opportunity to access the European market, the Denver, Colorado-based company said on Friday.

Being a player in the …

Full story available on Benzinga.com

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