MYM Nutraceuticals (CSE: MYM) (OTCQB: MYMMF), an innovative company focused on the global growth of cannabis and CBD-rich hemp, on Tuesday announced the completion of the acquisition of 50% of BioHemp Naturals in exchange for $2.5 million cash and 6,000,000 common shares in the capital of MYM. BioHemp is a licensed hemp cultivator that cultivates and distributes CBD-rich hemp biomass to licensed producers in Canada. Len Atkinson, BioHemp co-founder, has joined the MYM management team as Global Hemp Project Manager. In collaboration with BioHemp, MYM is seeking to expand its cultivation to 3,000 acres of CBD-rich hemp for the 2020 grow season. “Finalizing the acquisition of 50% of BioHemp Naturals and engaging Mr. Atkinson as MYM’s Global Hemp Project Manager is another positive move in the restructuring of MYM to become a global player in the cultivation, extraction, and distribution of CBD-rich hemp,” MYM Nutraceuticals CEO Howard Steinberg stated in the news release.
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About MYM Nutraceuticals Inc.
MYM Nutraceuticals is an innovative company focused on the global growth of cannabis and CBD-rich hemp. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM shares trade in Canada, Germany and the USA. For more information, visit www.MYM.ca.
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