Canadian cannabis firm EuroLife Brands says it aims to turn into the ‘Amazon or Alibaba’ of the international CBD industry location as its pursues an expansionary agenda.
Formerly recognized as Cannvas MedTech it says the name transform reflects its ambition to concentrate on the provide of CBD-infused goods into the European and South American markets.
It is in the method of undertaking a tour of European nations which includes Germany, UK, Austria, Switzerland, Greece and Portugal to drum up interest from investors.
And, it has appointed former Canopy increasing boss Alan Cooke to its advisory board. Mr. Cooke was previously accountable for more than 4 million sq. ft. of cultivation operations across Canada.
In a industry release its states how it aims to accomplish its international ambitions by ‘collecting strategic partners’.
It describes its target as getting the creation of a ‘powerful education-primarily based, analytics-backed digital CBD marketplace for the European and South American markets applying a framework related to that of international giants Alibaba and Amazon’, it says in a industry statement.
EuroLife’s COO Steve Loutskou had earlier told investors that it has been ‘aggressive in taking benefit of our deep connections in different CPG (Customer Packaged Goods) brand industries appropriate for CBD infusion’.
Following the renaming EuroLife obtained the exclusive rights to the Correct Concentrate brand, which develops a solution that lessens the effects of THC overconsumption.
The firm says it creating investments into hemp and CBD for pets as effectively as CBD-primarily based culinary experiences. And it has also launched its initially international cannabis education platform for the booming German industry, Cannvas.de.
EuroLife mentioned it expects to announce new partnerships in the coming months as its management group meets with some of the biggest cultivators in the E.U., as effectively as CBD extraction corporations and other entrepreneurs in the CBD space, reports Proactive Investors. EuroLife describes itself as a information driven understanding platform for these interested in cannabis, as effectively as a digital marketplace for CBD goods.
“We continue to drive firm results across Europe and South America with prospective investment and brand partners although vetting out strategic possibilities to expand business enterprise and raise shareholder worth,” says a bullish Mr Loutskou.