World High Life Plc Completes Acquisition Of Love Hemp Ltd

  • Oct 18, 2019 BST
  • Team Kalkine
  • World High Life Plc (NEX: LIFE) has completed the acquisition of Love Hemp Ltd and a £2 million convertible debenture fundraising.
  • The acquisition was for a consideration of between £9 million and £10 million and has given a platform to the company to expand Love Hemp's already substantial business through the UK and into Europe.
  • Also, the company expects to close a second tranche of convertible debenture financing soon.
  • The acquisition will give the company access to an online distribution network and a significant presence in 1,200 convenience stores in the UK.

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