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Cannabis Global, Inc.: Cannabis Global Increases Stake in Cannabis Manufacturer and Distributor Natural Plant Extract


Cannabis Global, Inc.: Cannabis Global Increases Stake in Cannabis Manufacturer and Distributor Natural Plant Extract
LOS ANGELES, CA / ACCESSWIRE / February 2, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in and growing operations in disruptive areas of the cannabis and hemp-related industries, today announces it has increased its ownership stake in Natural Plant Extract of California, Inc. ( NPE ), which operates a licensed cannabis manufacturing and distribution business operation in Lynwood, California. NPE owns a Type 7 California Manufacturing License as well as a California Distribution license. Under the terms of the agreement, which closed on January 27, 2021, the Company is purchasing an additional (18.8%) of Natural Plant Extract s outstanding capital stock, bringing its full ownership position to approximately 37.6%. In exchange for the 18.8% ownership, the Company will issue approximately 11.4 million restricted shares to ....

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