Cannabis News

Abattis Bioceuticals announced its investee company, CannaNUMUS Blockchain is seeking to acquire a 10 percent stake in Gabriola Green Farms, worth $2.5 million.

Abattis Bioceuticals (CSE:ATT; OTC:ATTBF) announced its investee company, CannaNUMUS Blockchain is seeking to acquire a 10 percent stake in Gabriola Green Farms, worth $2.5 million.

As quoted in the press release:

Through the Investment, Gabriola will participate in CannaNUMUS’s blockchain portfolio of cannabis companies.

Gabriola is a privately held British Columbia company that has applied for a licence to produce under the Access to Cannabis for Medical Purposes Regulations (ACMPR) on Gabriola Island, one of the gulf islands located in the Strait of Georgia off the coast of British Columbia. Gabriola Island has a consistent temperature and humidity level, which makes it well suited to greenhouse growing. Gabriola’s current facility has a production capacity of approximately 2,000 kilograms.

Through the agreement with Gabriola, CannaNUMUS has satisfied the second milestone under the Investment Agreement dated January 31, 2018 between Abattis and CannaNUMUS.

Click here to read the full press release.

Source: globenewswire.com

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