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Cannabis Global Acquires Stake in Natural Plant Extract of California
Company purchases 18.8 percent state for $2 million.
Cannabis Global, Inc. has acquired a stake in Natural Plant Extract of California, Inc. (NPE), which operates a licensed cannabis manufacturing and distribution business operation out of Lynwood, CA.
NPE owns a Type 7 California Manufacturing License as well as a California Distribution license. Under the terms of the agreement, which closed on Aug. 31, 2020, Cannabis Global is purchasing 18.8 percent of Natural Plant Extract's outstanding capital stock.