CanaFarma Hemp Products Corp. (CSE:CNFA) (OTC:CNFHF) are merging to create an industry leader.
The new company will continue to trade on the CSE and OTC as CanaFarma but will retail its products as Vertical Wellness. Vertical’s current CEO
J. Smoke Wallin will act as new CEO for the combined businesses, which will be valued at more than $50 million.
“The ability for Smoke Wallin and his team to rapidly launch Vertical’s house of brands into distribution and retail made this deal a strategic imperative for CanaFarma Hemp,”
Vitaly Fargesen, senior vice president of strategic planning at CanaFarma Hemp, told Benzinga.