NewsCannaGlobal Acquires MGC Derma

CannaGlobal Acquires MGC Derma

 

Cannabis-based cosmetics business, MGC Derma has been acquired by Canadian investment company, CannaGlobal. 

 

Prior to the acquisition, MGC Derma was the part of the MGC Pharmace­uticals company. 

 

According to Reuters, the total consideration for the sale is a 10% equity interest in CannaGlobal and an exclusive five-year supply agreement. 



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