Eco Equity Announces a 100% Equity Acquisition by Virtual Medical International Inc. (OTC Markets 'QEBR')
ACCESSWIRE
Acquisition Accelerates Operational Scaling and Adds Value to Vertically Integrated Portfolio of Companies
LONDON, UK / ACCESSWIRE / July 16, 2021 / Eco Equity Limited, a U.K. company with cultivation assets in Africa, will combine its operations with Virtual Medical International Inc., creating a vertically integrated cannabis company with one of the lowest costs of production globally.
Construction in the Zimbabwe site (December 2020)
Eco Equity is still scaling its operation in Zimbabwe after delays caused by COVID-19, but remained resilient during the past 12 months while construction was delayed. Thanks to this acquisition, Eco Equity will continue its vision as a pioneer in Africa that produces, high-grade EU-GMP THC medical flower at its 30,000 SQ FT facility in Zimbabwe. Eco Equity's business model will make it the lowest cost producer, with the highest grade of product globally.