World High Life Plc announced that the Company’s previously announced agreement to acquire Love Hemp Ltd. (“Love Hemp”) has closed successfully (“Completion”). The Company’s Directors believe that this first investment by the Company provides World High Life with a platform to expand Love Hemp’s already significant business throughout the UK and more extensively into Europe. The Company has also completed a £2 million (CAD $3.3 million) convertible debenture fundraising (the “Fundraising”). The Company will continue with its financing round and expects to close the second tranche of convertible debenture financing in the coming weeks. Highlights: World High Life has acquired Love Hemp for consideration of between £9 million and £10 million (between CAD $15.2 million and CAD $16.9 million) Completion of a £2 million (CAD $3.3 million) fundraise by the issue of convertible debentures.

Hemp Land, Cannabis Hemp Blog, 05/26/2021 21:40:00

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